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

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been assigned an average rating of “Buy” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $148.0909.

Several brokerages have commented on UMBF. Morgan Stanley lifted their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler lifted their price objective on shares of UMB Financial from $155.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup lifted their price objective on shares of UMB Financial from $138.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings upgraded shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Finally, Hovde Group increased their price target on shares of UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $141.98 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a 12 month low of $103.07 and a 12 month high of $145.69. The company has a 50 day simple moving average of $130.57 and a two-hundred day simple moving average of $123.61. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.98 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating the consensus estimate of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The business had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. During the same period in the previous year, the business posted $2.58 EPS. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. As a group, analysts predict that UMB Financial will post 12.83 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. UMB Financial’s payout ratio is presently 15.26%.

Insiders Place Their Bets

In other UMB Financial news, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the transaction, the president owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. The trade was a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 381 shares of UMB Financial stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares of the company’s stock, valued at $1,624,192.24. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UMB Financial

Large investors have recently added to or reduced their stakes in the stock. MBM Wealth Consultants LLC acquired a new position in UMB Financial during the first quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new position in UMB Financial during the fourth quarter worth $27,000. Axiom Investment Management LLC acquired a new position in UMB Financial during the first quarter worth $28,000. Hilton Head Capital Partners LLC acquired a new position in UMB Financial during the fourth quarter worth $34,000. Finally, Torren Management LLC acquired a new position in UMB Financial during the fourth quarter worth $37,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.