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

UMB Financial Corporation (NASDAQ:UMBF) has been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $168.9231.

Several brokerages have recently issued reports on UMBF. Morgan Stanley boosted their price objective on UMB Financial from $159.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 target price (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. TD Cowen reiterated a “buy” rating and set a $166.00 target price (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Keefe, Bruyette & Woods boosted their price target on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Truist Financial set a $170.00 target price on shares of UMB Financial and gave the stock a “buy” rating in a research note on Tuesday, August 4th.

UMB Financial Trading Up 0.1%

Shares of NASDAQ:UMBF opened at $139.49 on Tuesday. The company has a market cap of $10.59 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.68 and a beta of 0.77. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $144.68 and a 200 day moving average of $131.70. UMB Financial has a 12-month low of $68.92 and a 12-month high of $144.36.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period in the prior year, the company posted $2.96 EPS. As a group, equities research analysts expect that UMB Financial will post 13.54 EPS for the current year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is currently 16.65%.

Insider Buying and Selling at UMB Financial

In other news, insider Phillip Mason sold 800 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total value of $117,600.00. Following the sale, the insider directly owned 8,894 shares in the company, valued at $1,307,418. This represents a 8.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total value of $297,200.00. Following the sale, the insider owned 11,981 shares in the company, valued at $1,780,376.60. This trade represents a 14.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 25,544 shares of company stock worth $3,775,862. 5.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMB Financial

Large investors have recently bought and sold shares of the business. MBM Wealth Consultants LLC acquired a new stake in shares of UMB Financial in the 1st quarter valued at approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in UMB Financial during the fourth quarter valued at approximately $27,000. Axiom Investment Management LLC bought a new stake in UMB Financial in the first quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in UMB Financial in the second quarter valued at approximately $38,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in UMB Financial in the fourth quarter worth $34,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Company Profile

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities.

The company offers commercial and personal banking products, including deposit accounts, lending, treasury management, wealth management and investment services. UMB also provides institutional banking, fund administration, securities custody, corporate trust and payment solutions through its specialized financial services businesses.

Founded in 1913, UMB serves customers through banking locations and business operations across portions of the Midwest and Western United States, as well as through nationwide institutional and payment-services platforms.