UMB Financial Co. (NASDAQ:UMBF) Given Consensus Recommendation of “Moderate Buy” by Analysts

UMB Financial Co. (NASDAQ:UMBF) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $124.00.

Several research firms recently commented on UMBF. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Wells Fargo & Company increased their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Finally, Citigroup started coverage on UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,603 shares of company stock worth $8,353,950. 8.85% of the stock is owned by corporate insiders.

Institutional Trading of UMB Financial

Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of UMB Financial in the third quarter worth $26,000. Covestor Ltd raised its holdings in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial in the 3rd quarter valued at $83,000. Acropolis Investment Management LLC bought a new stake in UMB Financial during the third quarter worth about $156,000. Finally, Heritage Family Offices LLP acquired a new stake in UMB Financial during the 3rd quarter valued at $203,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Stock Down 2.0 %

UMBF stock opened at $113.69 on Friday. The stock has a market capitalization of $5.55 billion, a PE ratio of 14.21 and a beta of 0.80. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94. The firm has a 50 day moving average of $118.57 and a 200 day moving average of $104.17.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same quarter in the prior year, the firm posted $2.02 EPS. Sell-side analysts forecast that UMB Financial will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.41%. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is presently 20.00%.

UMB Financial Company Profile

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.