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

Shares of UMB Financial Corporation (NASDAQ:UMBF) have earned an average rating of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $145.5455.

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Hovde Group boosted their price objective on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Truist Financial set a $140.00 price objective on UMB Financial in a report on Friday, May 1st. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley dropped their price objective on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $141.47 on Thursday. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78. 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 stock has a 50 day moving average price of $129.19 and a 200-day moving average price of $123.00. UMB Financial has a one year low of $102.47 and a one year high of $141.98.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 EPS. Equities analysts expect that UMB Financial will post 12.8 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. UMB Financial’s payout ratio is presently 15.26%.

Insiders Place Their Bets

In related news, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director owned 12,223 shares in the company, valued at $1,624,192.24. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President James D. Rine sold 8,246 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the transaction, the president owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. The trade was a 11.83% decrease in their position. The SEC filing for this sale provides additional information. 5.33% of the stock is owned by insiders.

Institutional Investors Weigh In On UMB Financial

Several hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of UMB Financial by 4.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after buying an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in UMB Financial by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock worth $335,000 after purchasing an additional 108 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in UMB Financial by 1.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock worth $739,000 after purchasing an additional 112 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in UMB Financial by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after purchasing an additional 125 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in 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 purchasing an additional 129 shares in the last quarter. 87.78% of the stock is currently 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.