Insider Buying: UMB Financial Corp (UMBF) Director Acquires 276 Shares of Stock

UMB Financial Corp (NASDAQ:UMBF) Director Greg M. Graves bought 276 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of $76.06 per share, with a total value of $20,992.56. Following the completion of the purchase, the director now directly owns 19,940 shares of the company’s stock, valued at $1,516,636.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

UMB Financial Corp (NASDAQ:UMBF) traded down $0.58 during mid-day trading on Monday, hitting $76.02. 59,977 shares of the stock were exchanged, compared to its average volume of 266,302. UMB Financial Corp has a one year low of $62.27 and a one year high of $81.55. The company has a market cap of $3,819.83, a PE ratio of 20.26, a PEG ratio of 1.55 and a beta of 0.87. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.02. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The business had revenue of $252.38 million for the quarter, compared to analysts’ expectations of $254.98 million. During the same quarter last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. research analysts forecast that UMB Financial Corp will post 4.42 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.53%. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. UMB Financial’s dividend payout ratio (DPR) is currently 22.13%.

Several institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its position in shares of UMB Financial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,868 shares of the bank’s stock worth $814,000 after buying an additional 33 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of UMB Financial by 6.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock worth $152,000 after buying an additional 129 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of UMB Financial by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,006 shares of the bank’s stock worth $1,273,000 after purchasing an additional 207 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of UMB Financial by 7.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,890 shares of the bank’s stock worth $666,000 after purchasing an additional 610 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of UMB Financial by 1.0% during the 2nd quarter. New York State Common Retirement Fund now owns 78,549 shares of the bank’s stock worth $5,880,000 after purchasing an additional 799 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on UMBF. Zacks Investment Research downgraded shares of UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Wells Fargo & Co upped their price target on shares of UMB Financial from $71.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Piper Jaffray Companies increased their price objective on UMB Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Friday. Finally, BidaskClub upgraded UMB Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $77.83.

COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/02/05/insider-buying-umb-financial-corp-umbf-director-acquires-276-shares-of-stock.html.

About UMB Financial

UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.

Insider Buying and Selling by Quarter for UMB Financial (NASDAQ:UMBF)

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply