UMB Financial Co. (NASDAQ:UMBF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of UMB Financial Co. (NASDAQ:UMBF) have earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $120.33.

A number of brokerages recently issued reports on UMBF. Royal Bank of Canada decreased their target price on shares of UMB Financial from $128.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st. Citigroup restated a “neutral” rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley lowered their price objective on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company increased their target price on UMB Financial from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Finally, Truist Financial assumed coverage on UMB Financial in a research note on Tuesday, May 13th. They issued a “buy” rating and a $120.00 price target on the stock.

UMB Financial Stock Down 0.6%

Shares of NASDAQ:UMBF opened at $106.20 on Wednesday. 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 company has a market capitalization of $8.06 billion, a P/E ratio of 11.81 and a beta of 0.72. UMB Financial has a 52-week low of $78.56 and a 52-week high of $129.94. The stock’s fifty day simple moving average is $98.09 and its 200-day simple moving average is $109.89.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.37. The company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The firm’s quarterly revenue was up 41.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.47 EPS. As a group, equities research analysts forecast that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.51%. UMB Financial’s dividend payout ratio is presently 20.13%.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 5.45% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently modified their holdings of UMBF. Brooklyn Investment Group lifted its stake in shares of UMB Financial by 4,840.0% in the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of UMB Financial by 442.0% in the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank’s stock valued at $27,000 after purchasing an additional 221 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in UMB Financial during the 1st quarter worth approximately $27,000. McIlrath & Eck LLC acquired a new position in UMB Financial during the 1st quarter worth approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in UMB Financial during the 1st quarter worth approximately $35,000. 87.78% of the stock is owned by institutional investors and hedge funds.

About UMB Financial

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.