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

Shares of UMB Financial Co. (NASDAQ:UMBF) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $122.00.

A number of brokerages have recently commented on UMBF. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Barclays upped their price target on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Morgan Stanley initiated coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. Citigroup assumed coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on shares of UMB Financial in a research report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 target price for the company.

UMB Financial Stock Down 1.3 %

Shares of NASDAQ UMBF opened at $125.88 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 15.74 and a beta of 0.78. UMB Financial has a 12-month low of $69.96 and a 12-month high of $129.94. The firm’s 50-day simple moving average is $111.68 and its 200 day simple moving average is $98.10.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating 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 business had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. During the same period in the prior year, the firm earned $2.02 earnings per share. On average, research analysts expect that UMB Financial will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. UMB Financial’s dividend payout ratio (DPR) is 20.00%.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Greg M. Graves acquired 258 shares of UMB Financial stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. This represents a 0.72 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction 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 owns 5,828 shares in the company, valued at approximately $719,058.64. This represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,303 shares of company stock worth $5,830,165 in the last ninety days. Company insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC purchased a new stake in UMB Financial in the second quarter worth approximately $3,808,000. Dimensional Fund Advisors LP boosted its holdings in shares of UMB Financial by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after purchasing an additional 100,000 shares during the period. Interval Partners LP purchased a new position in shares of UMB Financial during the second quarter valued at approximately $3,286,000. Natixis Advisors LLC raised its holdings in shares of UMB Financial by 51.2% during the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after acquiring an additional 9,803 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in UMB Financial by 144.1% in the second quarter. Quest Partners LLC now owns 17,784 shares of the bank’s stock worth $1,484,000 after acquiring an additional 10,498 shares during the period. Institutional investors own 87.78% of the company’s stock.

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.