Shares of UMB Financial Corporation (NASDAQ:UMBF – Get Free Report) have received an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $161.64.
A number of brokerages have weighed in on UMBF. Morgan Stanley decreased their target price on shares of UMB Financial from $190.00 to $182.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. Royal Bank Of Canada cut their price target on UMB Financial from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company reduced their price objective on UMB Financial from $160.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 29th. Keefe, Bruyette & Woods raised their price objective on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, Piper Sandler lowered their price objective on UMB Financial from $181.00 to $169.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th.
View Our Latest Stock Analysis on UMB Financial
UMB Financial Stock Performance
Shares of UMBF stock opened at $136.09 on Wednesday. The company’s fifty day moving average price is $135.41 and its 200-day moving average price is $131.37. The stock has a market cap of $10.34 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 0.63 and a beta of 0.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. UMB Financial has a 12 month low of $68.92 and a 12 month high of $144.36.
UMB Financial (NASDAQ:UMBF – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The bank reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.34. UMB Financial had a net margin of 23.45% and a return on equity of 14.07%. The company had revenue of $772.39 million during the quarter, compared to analysts’ expectations of $744.81 million. During the same period last year, the company posted $2.70 EPS. UMB Financial’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts expect that UMB Financial will post 13.79 EPS for the current fiscal year.
UMB Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Thursday, December 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, December 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. UMB Financial’s dividend payout ratio (DPR) is presently 15.14%.
Insider Buying and Selling
In other news, Director Greg Graves acquired 573 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of $139.60 per share, with a total value of $79,990.80. Following the transaction, the director owned 40,463 shares of the company’s stock, valued at $5,648,634.80. This trade represents a 1.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tamara Peterman acquired 394 shares of UMB Financial stock in a transaction on Tuesday, September 1st. The shares were purchased at an average price of $139.60 per share, with a total value of $55,002.40. Following the completion of the purchase, the director owned 10,680 shares in the company, valued at $1,490,928. This represents a 3.83% increase in their position. The SEC filing for this purchase provides additional information. 5.33% of the stock is owned by insiders.
Institutional Investors Weigh In On UMB Financial
A number of institutional investors have recently made changes to their positions in UMBF. Axiom Investment Management LLC purchased a new stake in UMB Financial in the first quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in UMB Financial during the 2nd quarter valued at $38,000. Allworth Financial LP purchased a new stake in UMB Financial during the 2nd quarter valued at $53,000. Root Financial Partners LLC purchased a new stake in UMB Financial during the 3rd quarter valued at $53,000. Finally, State of Wyoming bought a new position in shares of UMB Financial during the 2nd quarter valued at $79,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.
About UMB Financial
UMB Financial Corporation is a financial 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 serves customers through banking offices and digital channels across the Midwest and other U.S. markets.
UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.
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