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

Shares of UMB Financial Co. (NASDAQ:UMBF) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $130.14.

A number of analysts have recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Piper Sandler lifted their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Morgan Stanley began coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Finally, Citigroup restated a “neutral” rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd.

UMB Financial Stock Down 1.7 %

UMBF opened at $102.76 on Friday. The business’s 50-day simple moving average is $113.61 and its 200-day simple moving average is $112.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial has a one year low of $76.00 and a one year high of $129.94. The stock has a market capitalization of $5.01 billion, a P/E ratio of 11.43 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the company earned $2.29 EPS. Analysts anticipate that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently modified their holdings of UMBF. Covestor Ltd grew 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 during the period. USA Financial Formulas grew its holdings in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial in the 3rd quarter worth approximately $83,000. Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial in the 4th quarter worth approximately $96,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of UMB Financial in the 4th quarter worth approximately $103,000. Institutional investors and hedge funds 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.