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

Shares of UMB Financial Corporation (NASDAQ:UMBF) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $138.00.

Several equities analysts have commented on the stock. Weiss Ratings raised shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Piper Sandler raised their target price on shares of UMB Financial from $135.00 to $148.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Hovde Group assumed coverage on shares of UMB Financial in a research note on Monday, October 6th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada raised their target price on shares of UMB Financial from $122.00 to $128.00 and gave the company a “sector perform” rating in a research note on Friday, October 10th.

Insider Activity at UMB Financial

In other news, insider Robert Brian Beaird sold 1,205 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $116.17, for a total transaction of $139,984.85. Following the completion of the transaction, the insider owned 10,147 shares in the company, valued at approximately $1,178,776.99. This trade represents a 10.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO J Mariner Kemper sold 15,523 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $116.33, for a total transaction of $1,805,790.59. Following the transaction, the chief executive officer owned 1,536,781 shares of the company’s stock, valued at approximately $178,773,733.73. This trade represents a 1.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 678 shares of company stock worth $75,948 and have sold 20,845 shares worth $2,440,666. Company insiders own 5.45% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several large investors have recently made changes to their positions in UMBF. Brooklyn Investment Group boosted 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 purchasing an additional 242 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of UMB Financial during the 1st quarter valued at about $27,000. McIlrath & Eck LLC bought a new position in shares of UMB Financial during the 1st quarter valued at about $29,000. Farther Finance Advisors LLC boosted 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 purchasing an additional 171 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of UMB Financial during the 1st quarter valued at about $35,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Up 2.2%

UMBF stock opened at $113.57 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial has a fifty-two week low of $82.00 and a fifty-two week high of $129.94. The firm’s 50-day simple moving average is $118.64 and its 200 day simple moving average is $108.94. The stock has a market cap of $8.62 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.13 and a beta of 0.73.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The business had revenue of $689.21 million for the quarter, compared to analysts’ expectations of $638.25 million. During the same quarter last year, the company earned $2.16 EPS. The company’s revenue for the quarter was up 76.7% compared to the same quarter last year. As a group, sell-side analysts predict that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) 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.