UMB Financial Co. (NASDAQ:UMBF) Receives Consensus Rating of “Buy” from Brokerages

UMB Financial Co. (NASDAQ:UMBF) has been given an average recommendation of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $115.00.

Several equities analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Barclays boosted their price objective on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Piper Sandler boosted their price objective on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Citigroup began coverage on UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock.

Insiders Place Their Bets

In related news, Director Greg M. Graves acquired 258 shares of UMB Financial stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $109.29 per share, with a total value 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 $3,961,106.76. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Greg M. Graves acquired 258 shares of UMB Financial stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $109.29 per share, with a total value 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 $3,961,106.76. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at $162,988,036.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,449 shares of company stock valued at $5,724,799 over the last ninety days. 8.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Covestor Ltd grew its stake in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares during the last quarter. CWM LLC grew its stake in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after purchasing an additional 129 shares in the last quarter. Truist Financial Corp grew its stake in UMB Financial by 3.3% in the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock worth $354,000 after purchasing an additional 136 shares in the last quarter. Retirement Systems of Alabama grew its stake in UMB Financial by 0.3% in the first 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 in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in UMB Financial by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock worth $4,496,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

NASDAQ UMBF opened at $125.68 on Friday. The business’s fifty day moving average is $105.88 and its 200 day moving average is $93.94. UMB Financial has a fifty-two week low of $65.48 and a fifty-two week high of $125.98. The company has a market capitalization of $6.13 billion, a PE ratio of 15.71 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last announced 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. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. During the same period in the previous year, the business earned $2.02 earnings per share. Sell-side analysts predict that UMB Financial will post 9.33 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be given a $0.40 dividend. This is an increase 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 1.27%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s payout ratio is currently 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.