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

Shares of UMB Financial Corporation (NASDAQ:UMBF) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $141.00.

Several analysts have recently issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Barclays reaffirmed an “overweight” rating and issued a $160.00 price target on shares of UMB Financial in a research note on Thursday, January 29th. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Truist Financial set a $150.00 target price on UMB Financial in a research report on Friday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price target on UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th.

Insider Activity

In other UMB Financial news, Director Greg M. Graves purchased 220 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average cost of $127.83 per share, for a total transaction of $28,122.60. Following the completion of the transaction, the director owned 39,541 shares of the company’s stock, valued at $5,054,526.03. The trade was a 0.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO J Mariner Kemper sold 15,214 shares of the stock in a transaction dated 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 owned 1,506,200 shares of the company’s stock, valued at approximately $193,682,258. The trade was a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,469 shares of company stock worth $4,218,998 over the last three months. Insiders own 5.45% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after buying an additional 493,875 shares in the last quarter. State Street Corp boosted its position in shares of UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after acquiring an additional 313,414 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of UMB Financial by 32.0% in the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after purchasing an additional 751,525 shares during the period. Dimensional Fund Advisors LP increased its position in UMB Financial by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,854,927 shares of the bank’s stock worth $328,439,000 after purchasing an additional 22,100 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in UMB Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock worth $219,529,000 after purchasing an additional 33,078 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $126.12 on Friday. The company has a 50 day simple moving average of $123.29 and a two-hundred day simple moving average of $117.85. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.92 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a 12 month low of $82.00 and a 12 month high of $136.11.

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

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s payout ratio is 18.84%.

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.