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

UMB Financial Corporation (NASDAQ:UMBF) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $138.00.

UMBF has been the subject of a number of recent analyst reports. Barclays set a $155.00 price objective on shares of UMB Financial and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Truist Financial boosted their price objective on shares of UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Piper Sandler boosted their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on shares of UMB Financial from $122.00 to $128.00 and gave the stock a “sector perform” rating in a report on Friday, October 10th. Finally, Hovde Group initiated coverage on shares of UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating for the company.

Insider Activity

In other news, insider Robert Brian Beaird sold 1,205 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total transaction of $139,984.85. Following the transaction, the insider directly owned 10,147 shares of the company’s stock, valued at $1,178,776.99. This represents a 10.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shannon Andresen Johnson sold 1,367 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $120.58, for a total value of $164,832.86. Following the transaction, the insider directly owned 34,124 shares in the company, valued at $4,114,671.92. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. 5.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds have recently modified their holdings of UMBF. Brooklyn Investment Group grew its position in shares of UMB Financial by 4,840.0% during the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock valued at $25,000 after acquiring an additional 242 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of UMB Financial during the 1st quarter valued at $27,000. McIlrath & Eck LLC bought a new stake in shares of UMB Financial during the 1st quarter valued at $29,000. Farther Finance Advisors LLC grew its position in shares of UMB Financial by 219.2% during the 3rd 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. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of UMB Financial during the 1st quarter valued at $35,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

UMBF stock opened at $111.40 on Friday. The firm has a 50 day moving average price of $118.79 and a 200-day moving average price of $108.58. UMB Financial has a 52-week low of $82.00 and a 52-week high of $129.94. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.14 and a beta of 0.73. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The firm had revenue of $689.21 million during the quarter, compared to analyst estimates of $638.25 million. During the same period last year, the business earned $2.16 earnings per share. The business’s revenue was up 76.7% on a year-over-year basis. Equities research analysts forecast that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 10th. UMB Financial’s dividend payout ratio is presently 18.39%.

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.