UMB Financial (NASDAQ:UMBF) Upgraded at Zacks Research

Zacks Research upgraded shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

UMBF has been the subject of several other reports. Weiss Ratings cut shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Piper Sandler lifted their target price on UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Barclays reissued an “overweight” rating and set a $160.00 price target on shares of UMB Financial in a research report on Thursday, January 29th. Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $145.00 price objective on shares of UMB Financial in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.00.

UMB Financial Stock Up 1.7%

UMBF opened at $134.32 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 0.95 and a beta of 0.79. The business has a 50-day moving average of $120.66 and a two-hundred day moving average of $116.55. UMB Financial has a 12 month low of $82.00 and a 12 month high of $136.11.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The business had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. During the same period last year, the company earned $2.49 earnings per share. The company’s quarterly revenue was up 66.0% on a year-over-year basis. On average, research analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 annualized dividend and a yield of 1.3%. UMB Financial’s payout ratio is 18.84%.

Insiders Place Their Bets

In other news, Director Greg M. Graves purchased 220 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average cost of $127.83 per share, with a total value of $28,122.60. Following the acquisition, the director owned 39,541 shares in the company, valued at approximately $5,054,526.03. This trade represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 15,367 shares of UMB Financial stock in a transaction on Monday, December 8th. The stock was sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the sale, the chief executive officer directly owned 1,521,414 shares in the company, valued at $174,323,616.12. This trade represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,929 shares of company stock worth $4,269,924 in the last 90 days. 5.45% of the stock is owned by company insiders.

Institutional Trading of UMB Financial

Large investors have recently modified their holdings of the business. Global Retirement Partners LLC increased its position in shares of UMB Financial by 419.2% during the fourth quarter. Global Retirement Partners LLC now owns 405 shares of the bank’s stock worth $47,000 after acquiring an additional 327 shares during the last quarter. Covestor Ltd grew its stake in UMB Financial by 43.1% during the 4th quarter. Covestor Ltd now owns 1,142 shares of the bank’s stock valued at $131,000 after purchasing an additional 344 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in UMB Financial by 15.6% during the 4th quarter. Handelsbanken Fonder AB now owns 20,790 shares of the bank’s stock worth $2,392,000 after purchasing an additional 2,800 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of UMB Financial by 86.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,351 shares of the bank’s stock valued at $731,000 after purchasing an additional 2,944 shares in the last quarter. Finally, Danske Bank A S boosted its stake in shares of UMB Financial by 61.7% during the 4th quarter. Danske Bank A S now owns 1,310 shares of the bank’s stock valued at $151,000 after buying an additional 500 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.