UMB Financial Corporation (NASDAQ:UMBF) Receives Average Rating of “Buy” from Brokerages

UMB Financial Corporation (NASDAQ:UMBF) has been assigned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $141.00.

A number of equities research analysts recently issued reports on UMBF shares. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Piper Sandler raised their price target on UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Raymond James Financial reissued a “strong-buy” rating and set a $145.00 price objective on shares of UMB Financial in a report on Thursday, January 29th. Keefe, Bruyette & Woods raised their target price on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th.

UMB Financial Stock Performance

Shares of UMBF opened at $119.61 on Friday. The firm has a market capitalization of $9.09 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.86 and a beta of 0.79. UMB Financial has a 52 week low of $82.00 and a 52 week high of $136.11. The stock has a 50 day moving average price of $123.50 and a two-hundred day moving average price of $118.21. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, beating 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 company had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million. During the same period last year, the firm earned $2.49 earnings per share. The firm’s revenue was up 66.0% on a year-over-year basis. Equities analysts forecast that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

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

Insider Activity

In other news, Director Kevin Charles Gallagher sold 388 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total transaction of $50,168.40. Following the completion of the transaction, the director directly owned 12,488 shares of the company’s stock, valued at approximately $1,614,698.40. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 15,214 shares of UMB Financial stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total value of $1,956,368.26. Following the sale, the chief executive officer owned 1,506,200 shares in the company, valued at $193,682,258. This represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 34,469 shares of company stock valued at $4,218,998. Insiders own 5.45% of the company’s stock.

Institutional Trading of UMB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of UMBF. Sequoia Financial Advisors LLC lifted its holdings in shares of UMB Financial by 3.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock valued at $403,000 after purchasing an additional 101 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in UMB Financial by 4.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock valued at $295,000 after acquiring an additional 102 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of UMB Financial by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock valued at $335,000 after purchasing an additional 108 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in UMB Financial by 1.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock worth $739,000 after purchasing an additional 112 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of UMB Financial by 0.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 16,560 shares of the bank’s stock worth $1,960,000 after buying an additional 129 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

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.