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

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $165.00.

A number of analysts have weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up from $168.00) on shares of UMB Financial in a report on Thursday, July 30th. JPMorgan Chase & Co. assumed coverage on UMB Financial in a research report on Thursday. They issued an “overweight” rating and a $180.00 price objective for the company. Hovde Group upped their target price on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods increased their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 15,062 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.55, for a total value of $2,237,460.10. Following the transaction, the chief executive officer directly owned 1,491,138 shares of the company’s stock, valued at approximately $221,508,549.90. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Brian Beaird sold 1,600 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $144.40, for a total transaction of $231,040.00. Following the completion of the sale, the insider directly owned 8,943 shares in the company, valued at approximately $1,291,369.20. This represents a 15.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 34,171 shares of company stock valued at $4,919,826. 5.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On UMB Financial

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in UMB Financial in the 2nd quarter valued at $1,458,386,000. Alliancebernstein L.P. increased its holdings in shares of UMB Financial by 636.7% in the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after purchasing an additional 1,286,543 shares during the period. Bank of America Corp DE bought a new position in shares of UMB Financial in the second quarter worth $129,153,000. Wellington Management Group LLP increased its stake in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares during the period. Finally, Norges Bank bought a new stake in UMB Financial in the fourth quarter valued at approximately $85,885,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $145.86 on Friday. The firm has a market capitalization of $11.08 billion, a PE ratio of 12.14, a PEG ratio of 0.72 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. UMB Financial has a 1 year low of $103.38 and a 1 year high of $153.32. The firm’s fifty day simple moving average is $143.63 and its 200 day simple moving average is $130.28.

UMB Financial’s stock is scheduled to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly issued shares will be distributed to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data 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 analysts’ expectations of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter in the previous year, the firm earned $2.96 EPS. On average, sell-side analysts anticipate that UMB Financial will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is presently 14.32%.

About UMB Financial

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.