UMB Financial Corporation (NASDAQ:UMBF) Announces Quarterly Dividend of $0.43

UMB Financial Corporation (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.43 per share by the bank on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, March 10th.

UMB Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 32 consecutive years. UMB Financial has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect UMB Financial to earn $11.06 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 15.6%.

UMB Financial Price Performance

NASDAQ:UMBF traded up $0.13 during mid-day trading on Wednesday, hitting $124.99. The company’s stock had a trading volume of 577,284 shares, compared to its average volume of 471,237. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $117.48 and a 200-day moving average of $115.45. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 0.99 and a beta of 0.78. UMB Financial has a fifty-two week low of $82.00 and a fifty-two week high of $129.98.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. The business had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $677.30 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.UMB Financial’s quarterly revenue was up 66.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.49 EPS. As a group, equities analysts forecast that UMB Financial will post 9.66 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $145.00 price objective (down from $148.00) on shares of UMB Financial in a report on Thursday, October 30th. Weiss Ratings downgraded shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Barclays set a $155.00 price objective on shares of UMB Financial and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $135.00 target price (down previously from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. Finally, TD Cowen restated a “buy” rating on shares of UMB Financial in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and an average target price of $137.10.

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.