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

UMB Financial Co. (NASDAQ:UMBF) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $88.00.

A number of research firms have recently commented on UMBF. Wells Fargo & Company increased their target price on UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Barclays assumed coverage on UMB Financial in a report on Friday, March 8th. They set an “equal weight” rating and a $91.00 price target on the stock. Raymond James upped their price target on UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a report on Thursday, February 1st. Finally, Piper Sandler upped their price target on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a report on Thursday, February 1st.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 1,440 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the transaction, the chief executive officer now owns 1,762,904 shares of the company’s stock, valued at $152,649,857.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Abigail M. Wendel sold 1,182 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total value of $95,387.40. Following the transaction, the insider now owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 1,440 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the completion of the transaction, the chief executive officer now directly owns 1,762,904 shares in the company, valued at approximately $152,649,857.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,277 shares of company stock valued at $2,264,661. 8.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UMBF. Goldman Sachs Group Inc. raised its stake in shares of UMB Financial by 646.3% in the second quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank’s stock worth $158,131,000 after buying an additional 2,248,655 shares during the period. State Street Corp grew its position in shares of UMB Financial by 81.2% during the first quarter. State Street Corp now owns 3,708,145 shares of the bank’s stock worth $361,563,000 after purchasing an additional 1,661,449 shares in the last quarter. Wellington Management Group LLP grew its position in shares of UMB Financial by 73.5% during the third quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock worth $160,505,000 after purchasing an additional 1,095,630 shares in the last quarter. Norges Bank purchased a new stake in shares of UMB Financial during the fourth quarter worth about $39,376,000. Finally, Victory Capital Management Inc. grew its position in shares of UMB Financial by 15.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock worth $166,875,000 after purchasing an additional 265,399 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Down 0.4 %

NASDAQ UMBF opened at $79.75 on Tuesday. UMB Financial has a 12 month low of $50.68 and a 12 month high of $87.36. The stock has a market cap of $3.89 billion, a P/E ratio of 11.11 and a beta of 0.83. The stock’s fifty day moving average price is $81.65 and its 200-day moving average price is $76.39. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The firm had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $360.69 million. During the same period in the prior year, the firm posted $2.06 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts forecast that UMB Financial will post 7.29 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Friday, March 8th. UMB Financial’s dividend payout ratio is 21.73%.

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.