UMB Financial Corporation (NASDAQ:UMBF) Receives Average Recommendation of “Buy” from Brokerages

UMB Financial Corporation (NASDAQ:UMBF) has been given an average rating of “Buy” by the fourteen analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $141.1818.

UMBF has been the subject of a number of research analyst reports. Weiss Ratings raised UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $145.00 price target on shares of UMB Financial in a report on Thursday, January 29th. Truist Financial set a $150.00 price objective on UMB Financial in a research report on Friday, January 30th. Piper Sandler boosted their target price on UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, Barclays restated an “overweight” rating and set a $160.00 target price on shares of UMB Financial in a research note on Thursday, January 29th.

UMB Financial Trading Up 0.5%

Shares of NASDAQ UMBF opened at $110.97 on Tuesday. The firm’s 50 day moving average price is $122.80 and its 200-day moving average price is $118.02. UMB Financial has a 52-week low of $82.00 and a 52-week high of $136.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $8.45 billion, a PE ratio of 12.15, a P/E/G ratio of 0.79 and a beta of 0.78.

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

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be issued a $0.43 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.72 annualized dividend and a yield of 1.5%. UMB Financial’s dividend payout ratio (DPR) is currently 18.84%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 15,214 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total transaction of $1,956,368.26. Following the completion of the sale, the chief executive officer directly owned 1,506,200 shares in the company, valued at approximately $193,682,258. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin Charles Gallagher sold 388 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total value of $50,168.40. Following the transaction, the director directly owned 12,488 shares in the company, valued at $1,614,698.40. The trade was a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 19,102 shares of company stock valued at $2,458,247. Company insiders own 5.45% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently made changes to their positions in UMBF. Kemnay Advisory Services Inc. purchased a new position in shares of UMB Financial in the fourth quarter worth approximately $27,000. Farther Finance Advisors LLC increased its holdings in UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in UMB Financial in the fourth quarter worth approximately $34,000. Torren Management LLC purchased a new position in shares of UMB Financial during the 4th quarter worth $37,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after acquiring an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

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.