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

UMB Financial Corporation (NASDAQ:UMBF) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $137.10.

A number of analysts recently commented on the company. Raymond James Financial reiterated a “strong-buy” rating and set a $135.00 price target (down from $138.00) on shares of UMB Financial in a report on Thursday, October 30th. Barclays set a $155.00 target price on UMB Financial and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Piper Sandler reissued an “overweight” rating and issued a $145.00 price target (down from $148.00) on shares of UMB Financial in a report on Thursday, October 30th. Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, Morgan Stanley lifted their price objective on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th.

Insider Transactions at UMB Financial

In other news, Director Greg M. Graves purchased 264 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of $106.41 per share, with a total value of $28,092.24. Following the transaction, the director directly owned 38,411 shares of the company’s stock, valued at approximately $4,087,314.51. This represents a 0.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 15,367 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares of the company’s stock, valued at $174,323,616.12. The trade was a 1.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,127 shares of company stock worth $1,949,594 in the last ninety days. Company insiders own 5.45% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Several institutional investors have recently added to or reduced their stakes in UMBF. Farther Finance Advisors LLC boosted its position in UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after purchasing an additional 171 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in UMB Financial by 193.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after buying an additional 267 shares during the period. Bessemer Group Inc. grew its stake in UMB Financial by 72.8% in the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after buying an additional 177 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in UMB Financial by 88.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock valued at $50,000 after buying an additional 199 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in UMB Financial by 168.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock valued at $89,000 after acquiring an additional 472 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Down 1.5%

UMB Financial stock opened at $123.16 on Monday. UMB Financial has a fifty-two week low of $82.00 and a fifty-two week high of $129.18. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50-day simple moving average is $116.70 and its 200 day simple moving average is $115.33. The stock has a market cap of $9.36 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The firm had revenue of $678.34 million during the quarter, compared to analyst estimates of $661.60 million. During the same quarter last year, the business posted $2.25 EPS. The company’s revenue for the quarter was up 67.0% on a year-over-year basis. Research analysts predict that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 10th were issued a $0.43 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. UMB Financial’s payout ratio is presently 19.48%.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.