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

UMB Financial Corporation (NASDAQ:UMBF) has earned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $145.5455.

A number of research analysts have recently weighed in on the company. Barclays lifted their price objective on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen boosted their price target on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley lowered their price target on UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $131.26 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $9.97 billion, a PE ratio of 11.65, a P/E/G ratio of 0.89 and a beta of 0.78. The business has a 50 day moving average of $122.50 and a 200 day moving average of $120.00. UMB Financial has a 52 week low of $98.16 and a 52 week high of $136.11.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. During the same quarter last year, the firm posted $2.58 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. As a group, equities research analysts forecast that UMB Financial will post 12.76 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial’s dividend payout ratio is 15.26%.

Institutional Trading of UMB Financial

Several hedge funds have recently modified their holdings of the company. Axiom Investment Management LLC purchased a new stake in shares of UMB Financial during the 1st quarter worth approximately $28,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of UMB Financial during the 1st quarter worth approximately $259,000. Bank of America Corp DE raised its holdings in shares of UMB Financial by 7.0% during the 1st quarter. Bank of America Corp DE now owns 695,276 shares of the bank’s stock worth $78,420,000 after acquiring an additional 45,547 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of UMB Financial during the 1st quarter worth approximately $7,404,000. Finally, Amundi raised its holdings in shares of UMB Financial by 92.7% during the 1st quarter. Amundi now owns 4,027 shares of the bank’s stock worth $454,000 after acquiring an additional 1,937 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

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.