UMB Financial Co. (UMBF) to Issue Quarterly Dividend of $0.40 on April 1st

UMB Financial Co. (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, January 28th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 0.40 per share by the bank on Tuesday, April 1st. This represents a $1.60 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, March 10th.

UMB Financial has increased its dividend by an average of 4.4% per year over the last three years and has increased its dividend annually for the last 32 consecutive years. UMB Financial has a dividend payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect UMB Financial to earn $11.06 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 14.5%.

UMB Financial Stock Up 0.3 %

NASDAQ:UMBF opened at $103.07 on Friday. The firm’s 50 day simple moving average is $113.40 and its 200 day simple moving average is $112.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial has a one year low of $76.00 and a one year high of $129.94. The company has a market cap of $5.03 billion, a PE ratio of 11.46 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter in the prior year, the firm posted $2.29 EPS. On average, research analysts anticipate that UMB Financial will post 9.66 earnings per share for the current year.

Insider Buying and Selling at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on UMBF shares. Citigroup restated a “neutral” rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Piper Sandler boosted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Morgan Stanley initiated coverage on shares of UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Barclays lifted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $130.14.

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.