UMB Financial Corporation (NASDAQ:UMBF) Given Average Recommendation of “Moderate Buy” by Brokerages

UMB Financial Corporation (NASDAQ:UMBF) has received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $137.10.

A number of research firms recently weighed in on UMBF. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a report on Wednesday, January 7th. 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. Wells Fargo & Company upped their price target on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Raymond James Financial reissued a “strong-buy” rating and set a $135.00 price objective (down previously from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. Finally, Hovde Group began coverage on UMB Financial in a research report on Monday, October 6th. They set an “outperform” rating for the company.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 460 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $110.71, for a total value of $50,926.60. Following the transaction, the director owned 12,090 shares of the company’s stock, valued at $1,338,483.90. This represents a 3.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nikki Farentino Newton sold 1,300 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total transaction of $137,917.00. Following the sale, the insider owned 13,667 shares in the company, valued at approximately $1,449,932.03. This trade represents a 8.69% 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 valued at $1,949,594 in the last ninety days. 5.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UMBF. Truist Financial Corp raised its position in UMB Financial by 0.5% during the second quarter. Truist Financial Corp now owns 20,426 shares of the bank’s stock valued at $2,148,000 after purchasing an additional 97 shares in the last quarter. OLD National Bancorp IN increased its position in shares of UMB Financial by 0.4% during the 2nd quarter. OLD National Bancorp IN now owns 22,834 shares of the bank’s stock valued at $2,401,000 after purchasing an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of UMB Financial by 3.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock valued at $403,000 after buying an additional 101 shares in the last quarter. Quadrant Capital Group LLC lifted its position in UMB Financial by 0.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 16,560 shares of the bank’s stock worth $1,960,000 after buying an additional 129 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in UMB Financial by 3.6% in the fourth quarter. Signaturefd LLC now owns 4,165 shares of the bank’s stock worth $479,000 after buying an additional 144 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF opened at $123.16 on Monday. 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 stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.00 and a beta of 0.78. UMB Financial has a 52-week low of $82.00 and a 52-week high of $129.18. The stock’s 50-day simple moving average is $116.70 and its 200 day simple moving average is $115.33.

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

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. UMB Financial’s payout ratio is presently 19.48%.

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.