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In recent transactions involving UMB Financial Corp (NASDAQ:UMBF), Director Greg Graves acquired 255 shares of common stock, valued at approximately $28,124. The shares were purchased at a price of $110.19 each. The $7.55 billion market cap bank currently trades at $103.95, with a modest P/E ratio of 11.7. According to InvestingPro analysis, the stock appears fairly valued based on its comprehensive Fair Value model. Following this acquisition, Graves now holds a total of 37,288 shares directly. This transaction was filed with the SEC on March 5, 2025, and reflects activity from March 3, 2025. The company has maintained dividend payments for 55 consecutive years and raised them for 32 straight years, demonstrating strong shareholder commitment. InvestingPro subscribers can access 6 additional key insights about UMBF, including detailed analyst forecasts and comprehensive financial health scores.
In other recent news, UMB Financial reported strong financial results for the fourth quarter of 2024, surpassing analyst expectations. The company posted earnings per share of $2.49, exceeding the forecasted $2.26, and revenue reached $434.18 million, which was above the anticipated $411.97 million. This performance marks a continuation of the company’s growth trajectory, supported by strategic initiatives and market expansion efforts. UMB Financial also reported strong loan and deposit growth for the quarter, with net interest income topping $1 billion and an 8.7% increase quarter-over-quarter.
In addition to its earnings report, UMB Financial is set to close its acquisition of Heartland Financial (NASDAQ:HTLF) on January 31, 2025. However, the acquisition has raised some concerns among analysts, particularly regarding integration and credit risks. Citi analysts downgraded UMB Financial from Buy to Neutral, citing potential challenges in integrating Heartland Financial and the associated risks. They also adjusted the price target to $127, down from $130, reflecting a more conservative outlook for the company’s stock performance.
Despite these challenges, UMB Financial remains focused on its strategic goals, including market expansion and talent acquisition. The company anticipates full integration benefits from the Heartland Financial acquisition by 2026, with a neutral interest rate sensitivity post-merger. Investors will be keen to see how UMB Financial navigates these developments and whether it can maintain its positive momentum in the coming quarters.
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