UMB Financial Co. (UMBF) Director Buys $40,289.60 in Stock

UMB Financial Co. (NASDAQ:UMBF) Director L Joshua Sosland bought 520 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were purchased at an average price of $77.48 per share, with a total value of $40,289.60. Following the acquisition, the director now directly owns 6,850 shares in the company, valued at approximately $530,738. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:UMBF traded up $0.21 during trading on Thursday, reaching $78.02. 175,652 shares of the stock were exchanged, compared to its average volume of 222,829. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.67 and a current ratio of 0.67. UMB Financial Co. has a 12-month low of $62.27 and a 12-month high of $80.60. The stock has a market capitalization of $3.91 billion, a P/E ratio of 20.70, a PEG ratio of 1.59 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, April 24th. The bank reported $1.18 EPS for the quarter, topping the consensus estimate of $1.05 by $0.13. The firm had revenue of $253.45 million for the quarter, compared to analyst estimates of $257.41 million. UMB Financial had a return on equity of 9.56% and a net margin of 24.36%. During the same period in the previous year, the company posted $0.89 EPS. analysts predict that UMB Financial Co. will post 4.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 11th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, June 8th. UMB Financial’s dividend payout ratio (DPR) is presently 30.93%.

A number of brokerages have recently issued reports on UMBF. Stephens reiterated a “hold” rating and set a $85.00 target price on shares of UMB Financial in a report on Wednesday, May 23rd. BidaskClub cut UMB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research cut UMB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $81.25.

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in UMB Financial by 50.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock worth $173,000 after acquiring an additional 807 shares in the last quarter. Zeke Capital Advisors LLC acquired a new position in UMB Financial during the 4th quarter worth approximately $202,000. Advisor Group Inc. lifted its position in UMB Financial by 137.6% during the 4th quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock worth $209,000 after acquiring an additional 1,675 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in UMB Financial during the 1st quarter worth approximately $218,000. Finally, Tyers Asset Management LLC lifted its position in UMB Financial by 31.3% during the 4th quarter. Tyers Asset Management LLC now owns 3,088 shares of the bank’s stock worth $222,000 after acquiring an additional 736 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Company Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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

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