UMB Financial Co. Announces Quarterly Dividend of $0.39 (NASDAQ:UMBF)

UMB Financial Co. (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors of record on Tuesday, September 10th will be given a dividend of 0.39 per share by the bank on Tuesday, October 1st. This represents a $1.56 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, September 10th.

UMB Financial has raised its dividend by an average of 7.0% annually over the last three years and has increased its dividend annually for the last 31 consecutive years. UMB Financial has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Analysts expect UMB Financial to earn $8.78 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 17.8%.

UMB Financial Stock Down 0.3 %

Shares of UMBF stock traded down $0.35 during midday trading on Thursday, reaching $101.67. 17,839 shares of the stock were exchanged, compared to its average volume of 351,892. UMB Financial has a 1 year low of $57.91 and a 1 year high of $105.21. The company’s 50 day moving average is $85.87 and its two-hundred day moving average is $83.28. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The firm has a market cap of $4.96 billion, a PE ratio of 13.55 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a return on equity of 14.47% and a net margin of 14.55%. The firm had revenue of $390.03 million for the quarter, compared to the consensus estimate of $384.96 million. During the same quarter in the prior year, the business earned $1.93 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts predict that UMB Financial will post 8.41 EPS for the current year.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Barclays upped their price target on UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, June 24th. Finally, Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $93.00 to $98.00 in a research note on Friday, May 31st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $81.39, for a total value of $162,780.00. Following the transaction, the chief executive officer now directly owns 1,698,104 shares of the company’s stock, valued at approximately $138,208,684.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 20,650 shares of company stock worth $1,723,425 in the last 90 days. Insiders own 8.85% of the company’s stock.

UMB Financial Company Profile

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.