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

Shares of UMB Financial Co. (NASDAQ:UMBF) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $124.00.

A number of research firms have recently issued reports on UMBF. Royal Bank of Canada started coverage on UMB Financial in a research report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target for the company. Wells Fargo & Company raised their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Finally, StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th.

UMB Financial Trading Up 1.7 %

Shares of UMBF stock opened at $119.58 on Thursday. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s fifty day moving average is $119.27 and its two-hundred day moving average is $107.98. The firm has a market capitalization of $5.84 billion, a P/E ratio of 14.95 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. During the same period last year, the firm posted $2.02 earnings per share. Research analysts expect that UMB Financial will post 9.23 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a $0.40 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, December 10th. UMB Financial’s dividend payout ratio is currently 20.00%.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Greg M. Graves purchased 258 shares of the business’s stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the completion of the purchase, the director now directly owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 50,303 shares of company stock worth $5,879,967. Insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UMBF. Covestor Ltd grew its position in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares in the last quarter. Heritage Family Offices LLP grew its holdings in UMB Financial by 6.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock worth $232,000 after acquiring an additional 125 shares in the last quarter. Truist Financial Corp increased its position in shares of UMB Financial by 3.3% in the 2nd quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock valued at $354,000 after purchasing an additional 136 shares during the last quarter. Commerce Bank raised its holdings in shares of UMB Financial by 0.3% in the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after purchasing an additional 142 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock worth $410,000 after purchasing an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.