Shares of UMB Financial Corporation (NASDAQ:UMBF – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $168.9231.
A number of research analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Truist Financial set a $170.00 price objective on UMB Financial and gave the company a “buy” rating in a research report on Tuesday, August 4th. Raymond James Financial initiated coverage on shares of UMB Financial in a research report on Thursday, August 27th. They issued an “outperform” rating and a $165.00 target price on the stock. Morgan Stanley lifted their price target on UMB Financial from $159.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price objective (up from $168.00) on shares of UMB Financial in a research note on Thursday, July 30th.
View Our Latest Research Report on UMBF
UMB Financial Price Performance
UMB Financial (NASDAQ:UMBF – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The firm had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same period last year, the firm posted $2.96 EPS. On average, research analysts expect that UMB Financial will post 13.54 EPS for the current year.
UMB Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s payout ratio is 14.32%.
Insider Buying and Selling at UMB Financial
In related news, insider Phillip Mason sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total value of $117,600.00. Following the completion of the sale, the insider directly owned 8,894 shares in the company, valued at approximately $1,307,418. The trade was a 8.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Beaird sold 1,600 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $144.40, for a total transaction of $231,040.00. Following the completion of the sale, the insider owned 8,943 shares of the company’s stock, valued at $1,291,369.20. The trade was a 15.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,544 shares of company stock worth $3,775,862 in the last ninety days. Company insiders own 5.33% of the company’s stock.
Institutional Trading of UMB Financial
Hedge funds have recently added to or reduced their stakes in the business. First National Bank of Omaha acquired a new stake in UMB Financial during the second quarter valued at approximately $1,053,000. BlackRock Inc. bought a new stake in shares of UMB Financial during the second quarter worth $1,458,386,000. Ceredex Value Advisors LLC acquired a new stake in UMB Financial in the 2nd quarter valued at about $14,112,000. NFJ Investment Group LLC acquired a new stake in shares of UMB Financial in the second quarter valued at approximately $47,026,000. Finally, Commerce Bank acquired a new stake in shares of UMB Financial in the 2nd quarter valued at $4,197,000. Institutional investors own 87.78% of the company’s stock.
About UMB Financial
UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities.
The company offers commercial and personal banking products, including deposit accounts, lending, treasury management, wealth management and investment services. UMB also provides institutional banking, fund administration, securities custody, corporate trust and payment solutions through its specialized financial services businesses.
Founded in 1913, UMB serves customers through banking locations and business operations across portions of the Midwest and Western United States, as well as through nationwide institutional and payment-services platforms.
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