UMB Financial Corporation (NASDAQ:UMBF) Given Average Recommendation of “Moderate Buy” by Brokerages

UMB Financial Corporation (NASDAQ:UMBF) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $141.00.

A number of brokerages have commented on UMBF. Piper Sandler increased their price objective on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays reissued an “overweight” rating and issued a $160.00 target price on shares of UMB Financial in a report on Thursday. Truist Financial set a $150.00 price target on UMB Financial in a report on Friday. Keefe, Bruyette & Woods increased their price objective on UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Royal Bank Of Canada set a $134.00 target price on UMB Financial and gave the stock an “outperform” rating in a research report on Monday, January 12th.

Insider Activity at UMB Financial

In other UMB Financial news, insider Nikki Farentino Newton sold 1,300 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total value of $137,917.00. Following the completion of the transaction, the insider owned 13,667 shares in the company, valued at $1,449,932.03. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Greg M. Graves bought 264 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of $106.41 per share, for a total transaction of $28,092.24. Following the transaction, the director directly owned 38,411 shares of the company’s stock, valued at approximately $4,087,314.51. This represents a 0.69% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 17,127 shares of company stock valued at $1,949,594. Corporate insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after acquiring an additional 171 shares during the period. Torren Management LLC purchased a new stake in UMB Financial in the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC boosted its stake in UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after purchasing an additional 267 shares during the period. Bessemer Group Inc. grew its position in UMB Financial by 72.8% during the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after purchasing an additional 177 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in UMB Financial by 88.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock valued at $50,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF opened at $127.14 on Monday. UMB Financial has a 1 year low of $82.00 and a 1 year high of $129.98. The stock has a market capitalization of $9.66 billion, a PE ratio of 13.93, a PEG ratio of 1.01 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50-day simple moving average of $118.72 and a 200-day simple moving average of $115.78.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million. During the same period in the prior year, the firm earned $2.49 earnings per share. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. On average, analysts predict that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s payout ratio is currently 18.84%.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.