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

UMB Financial Corporation (NASDAQ:UMBF) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $152.1667.

UMBF has been the subject of a number of research reports. TD Cowen increased their price target on UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Barclays upped their price objective on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Hovde Group raised their target price on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their target price on UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, Piper Sandler boosted their price target on shares of UMB Financial from $155.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the sale, the director directly owned 12,223 shares in the company, valued at approximately $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the transaction, the president owned 61,446 shares in the company, valued at approximately $8,147,125.14. This trade represents a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.33% of the stock is owned by insiders.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB boosted its stake in shares of UMB Financial by 217.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 176,840 shares of the bank’s stock worth $25,246,000 after acquiring an additional 121,050 shares in the last quarter. Friday Financial grew its holdings in shares of UMB Financial by 5.9% in the 2nd quarter. Friday Financial now owns 27,445 shares of the bank’s stock worth $4,007,000 after acquiring an additional 1,533 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in shares of UMB Financial during the second quarter worth $131,000. GAMMA Investing LLC raised its position in shares of UMB Financial by 23.7% during the second quarter. GAMMA Investing LLC now owns 1,783 shares of the bank’s stock worth $255,000 after purchasing an additional 342 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of UMB Financial by 48.9% during the second quarter. Versant Capital Management Inc now owns 1,298 shares of the bank’s stock valued at $185,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $145.99 on Monday. UMB Financial has a 12-month low of $103.38 and a 12-month high of $148.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $11.09 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.81 and a beta of 0.77. The firm has a 50 day simple moving average of $135.70 and a 200-day simple moving average of $126.13.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping the consensus estimate of $2.82 by $0.59. The firm had revenue of $739.16 million for 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 firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.58 earnings per share. As a group, equities research analysts expect that UMB Financial will post 12.85 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. UMB Financial’s payout ratio is currently 15.26%.

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.