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

Shares of UMB Financial Co. (NASDAQ:UMBF) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $124.00.

Several brokerages have commented on UMBF. Citigroup started coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank of Canada started coverage on UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock. Morgan Stanley initiated coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Finally, Wells Fargo & Company raised their price target 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.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the transaction, the chief executive officer now directly owns 1,576,604 shares in the company, valued at $171,581,813.32. The trade was a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,303 shares of company stock valued at $5,879,967. 8.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On UMB Financial

Large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of UMB Financial during the third quarter valued at $26,000. Covestor Ltd boosted its holdings in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares in the last quarter. USA Financial Formulas raised its position in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after purchasing an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial in the third quarter worth $83,000. Finally, Acropolis Investment Management LLC bought a new stake in shares of UMB Financial during the third quarter worth $156,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $119.56 on Thursday. The stock’s 50 day moving average price is $119.54 and its 200 day moving average price is $107.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 14.95 and a beta of 0.82. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same period in the previous year, the business earned $2.02 earnings per share. Equities research analysts anticipate that UMB Financial will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

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

UMB Financial Company Profile

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.