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

Shares of UMB Financial Co. (NASDAQ:UMBF) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $84.17.

Several equities analysts recently weighed in on UMBF shares. Piper Sandler lifted their price target on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Barclays assumed coverage on UMB Financial in a research note on Friday, March 8th. They set an “equal weight” rating and a $91.00 target price for the company. Finally, Raymond James boosted their price target on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st.

Insider Activity at UMB Financial

In other UMB Financial news, insider Abigail M. Wendel sold 1,182 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at approximately $1,228,011.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the transaction, the insider now owns 15,217 shares in the company, valued at approximately $1,228,011.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Pauls sold 1,440 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $79.51, for a total transaction of $114,494.40. Following the completion of the sale, the executive vice president now directly owns 8,496 shares of the company’s stock, valued at approximately $675,516.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,667 shares of company stock valued at $1,187,393. 8.85% of the stock is owned by insiders.

Institutional Trading of UMB Financial

Several institutional investors have recently made changes to their positions in the company. Assetmark Inc. acquired a new position in UMB Financial in the fourth quarter valued at about $28,000. Headlands Technologies LLC acquired a new position in shares of UMB Financial in the 3rd quarter worth approximately $74,000. Captrust Financial Advisors boosted its position in shares of UMB Financial by 93.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank’s stock worth $95,000 after purchasing an additional 536 shares during the period. Covestor Ltd increased its holdings in UMB Financial by 378.7% in the 2nd quarter. Covestor Ltd now owns 1,709 shares of the bank’s stock valued at $104,000 after purchasing an additional 1,352 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in UMB Financial by 56.0% in the second quarter. Quadrant Capital Group LLC now owns 1,900 shares of the bank’s stock valued at $116,000 after purchasing an additional 682 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Up 1.1 %

UMB Financial stock opened at $82.41 on Friday. The firm has a market cap of $4.02 billion, a PE ratio of 11.48 and a beta of 0.82. UMB Financial has a 12 month low of $50.68 and a 12 month high of $86.24. The stock’s 50 day simple moving average is $81.16 and its two-hundred day simple moving average is $74.29. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.53. The firm had revenue of $370.80 million during the quarter, compared to analysts’ expectations of $360.69 million. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 EPS. Analysts anticipate that UMB Financial will post 7.29 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, March 8th. UMB Financial’s payout ratio is 21.73%.

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.