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

UMB Financial Corporation (NASDAQ:UMBF) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $141.00.

UMBF has been the topic of several research analyst reports. Weiss Ratings lowered shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. 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 note on Monday, January 12th. Truist Financial set a $150.00 price objective on shares of UMB Financial in a research report on Friday, January 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a research report on Thursday, January 29th. Finally, Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th.

UMB Financial Trading Down 1.4%

UMBF opened at $126.12 on Friday. The stock has a market capitalization of $9.58 billion, a PE ratio of 13.81, a P/E/G ratio of 0.92 and a beta of 0.79. UMB Financial has a one year low of $82.00 and a one year 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 business’s 50 day moving average price is $123.29 and its 200 day moving average price is $117.85.

UMB Financial (NASDAQ:UMBF) last posted 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 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 quarter last year, the firm earned $2.49 earnings per share. The firm’s quarterly revenue was up 66.0% compared to the same quarter last year. As a group, equities research analysts expect that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The company 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 dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 18.84%.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 15,214 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total value of $1,956,368.26. Following the completion of the transaction, the chief executive officer owned 1,506,200 shares of the company’s stock, valued at approximately $193,682,258. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Greg M. Graves bought 220 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average cost of $127.83 per share, for a total transaction of $28,122.60. Following the completion of the purchase, the director owned 39,541 shares in the company, valued at $5,054,526.03. This trade represents a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 34,469 shares of company stock worth $4,218,998 over the last three months. Company insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its holdings in UMB Financial by 3.1% in the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock valued at $403,000 after purchasing an additional 101 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in UMB Financial by 4.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of UMB Financial by 3.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock valued at $335,000 after purchasing an additional 108 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of UMB Financial by 1.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after buying an additional 112 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of UMB Financial by 0.8% during the third 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 in the last quarter. 87.78% of the stock is 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.