UMB Financial Co. (NASDAQ:UMBF) Receives Average Rating of “Moderate Buy” from Analysts

UMB Financial Co. (NASDAQ:UMBF) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $130.14.

Several equities analysts have recently weighed in on UMBF shares. Citigroup reaffirmed a “neutral” rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Piper Sandler boosted their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Barclays boosted their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th.

Insider Buying and Selling at UMB Financial

In related news, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,681 shares of company stock worth $3,201,798. 8.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in UMB Financial by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank’s stock valued at $537,494,000 after acquiring an additional 48,507 shares during the period. Wellington Management Group LLP grew its stake in UMB Financial by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock valued at $228,122,000 after acquiring an additional 102,104 shares during the period. Geode Capital Management LLC grew its stake in UMB Financial by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after acquiring an additional 21,091 shares during the period. FMR LLC grew its stake in UMB Financial by 2.7% in the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after acquiring an additional 24,799 shares during the period. Finally, Principal Financial Group Inc. grew its stake in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after acquiring an additional 694,751 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Down 0.6 %

UMBF opened at $111.86 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.46 billion, a P/E ratio of 12.44 and a beta of 0.82. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94. The business’s fifty day simple moving average is $116.82 and its 200 day simple moving average is $110.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period last year, the business posted $2.29 EPS. As a group, equities research analysts anticipate that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.