UMB Financial Co. (NASDAQ:UMBF) Given Consensus Rating of “Buy” by Analysts

UMB Financial Co. (NASDAQ:UMBF) has been given a consensus rating of “Buy” by the six analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $115.00.

Several equities analysts recently commented on UMBF shares. Barclays boosted their price objective on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday. Piper Sandler boosted their price target on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Citigroup began coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company.

Insider Transactions at UMB Financial

In other news, EVP John Pauls sold 1,623 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $92.97, for a total value of $150,890.31. Following the completion of the sale, the executive vice president now directly owns 7,332 shares in the company, valued at approximately $681,656.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John Pauls sold 1,623 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $92.97, for a total value of $150,890.31. Following the completion of the sale, the executive vice president now directly owns 7,332 shares in the company, valued at approximately $681,656.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the sale, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,038 shares of company stock worth $4,078,068. 8.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UMBF. State of Michigan Retirement System raised its holdings in UMB Financial by 2.9% during the 1st quarter. State of Michigan Retirement System now owns 10,741 shares of the bank’s stock valued at $934,000 after buying an additional 300 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of UMB Financial by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock worth $4,771,000 after purchasing an additional 144 shares during the period. BNP Paribas Financial Markets lifted its position in shares of UMB Financial by 35.0% in the 1st quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock worth $2,132,000 after purchasing an additional 6,351 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of UMB Financial in the 1st quarter worth about $252,000. Finally, Mutual of America Capital Management LLC lifted its position in shares of UMB Financial by 8.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 107,703 shares of the bank’s stock worth $9,369,000 after purchasing an additional 8,380 shares during the period. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $108.28 on Friday. The company has a 50 day moving average of $105.14 and a 200 day moving average of $93.12. The stock has a market cap of $5.28 billion, a P/E ratio of 13.54 and a beta of 0.78. UMB Financial has a 12 month low of $64.48 and a 12 month high of $113.56. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million during 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 quarter in the previous year, the company earned $2.02 earnings per share. As a group, sell-side analysts forecast that UMB Financial will post 8.98 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, December 10th. UMB Financial’s payout ratio is presently 19.50%.

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.