UMB Financial Corporation (NASDAQ:UMBF – Get Free Report) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $134.76 and traded as high as $138.02. UMB Financial shares last traded at $136.65, with a volume of 559,959 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on UMBF shares. Barclays increased their price target on UMB Financial from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 3rd. Keefe, Bruyette & Woods raised their price objective on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. UBS Group assumed coverage on UMB Financial in a report on Monday, September 14th. They issued a “neutral” rating and a $155.00 price objective for the company. JPMorgan Chase & Co. cut their target price on UMB Financial from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UMB Financial in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and a consensus price target of $161.64.
Read Our Latest Analysis on UMB Financial
UMB Financial Stock Up 2.2%
The firm has a 50 day moving average of $134.76 and a two-hundred day moving average of $131.63. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.63 and a beta of 0.84. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.04.
UMB Financial (NASDAQ:UMBF – Get Free Report) last released its 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. The firm had revenue of $772.39 million for the quarter, compared to analysts’ expectations of $744.81 million. UMB Financial had a return on equity of 14.07% and a net margin of 23.45%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.70 earnings per share. As a group, sell-side analysts anticipate that UMB Financial Corporation 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, December 10th. UMB Financial’s dividend payout ratio (DPR) is presently 15.14%.
Insider Activity at UMB Financial
In related news, Director Kevin Gallagher sold 370 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $134.82, for a total value of $49,883.40. Following the completion of the transaction, the director owned 11,493 shares of the company’s stock, valued at $1,549,486.26. This represents a 3.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tamara Peterman acquired 201 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average cost of $137.02 per share, with a total value of $27,541.02. Following the purchase, the director owned 10,922 shares in the company, valued at $1,496,532.44. The trade was a 1.87% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 1,460 shares of company stock valued at $202,544. 5.33% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of UMBF. Axiom Investment Management LLC acquired a new position in shares of UMB Financial during the first quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of UMB Financial during the 2nd quarter valued at $38,000. Allworth Financial LP acquired a new stake in shares of UMB Financial during the 2nd quarter valued at $53,000. Root Financial Partners LLC acquired a new stake in shares of UMB Financial during the 3rd quarter valued at $53,000. Finally, Dogwood Wealth Management LLC bought a new stake in UMB Financial during the 3rd quarter worth $63,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.
About UMB Financial
UMB Financial Corporation is a bank holding company headquartered in Kansas City, Missouri. Founded in 1913 as City Center Bank, it has grown into a financial services company serving individuals, businesses, institutions and government entities.
Through its banking businesses, UMB offers deposit accounts, loans, treasury management and other commercial and personal banking services. Its institutional and specialized services include trust and custody, asset servicing, investment management, fund services and healthcare account solutions.
UMB serves customers across the United States, with a strong presence in the Midwest and banking operations in several other states.
Featured Articles
- Five stocks we like better than UMB Financial
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.
