UMB Financial Corporation (NASDAQ:UMBF) Receives Consensus Recommendation of “Buy” from Analysts

UMB Financial Corporation (NASDAQ:UMBF) has received an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $141.00.

Several analysts have recently commented on the company. Weiss Ratings raised UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the stock an “outperform” rating in a research note on Monday, January 12th. Piper Sandler raised their price objective on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Truist Financial set a $150.00 price objective on shares of UMB Financial in a report on Friday, January 30th. Finally, Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 15,214 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $128.59, for a total value of $1,956,368.26. Following the sale, the chief executive officer owned 1,506,200 shares of the company’s stock, valued at approximately $193,682,258. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 388 shares of UMB Financial stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the transaction, the director directly owned 12,488 shares of the company’s stock, valued at $1,614,698.40. This trade represents a 3.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 34,469 shares of company stock valued at $4,218,998. Insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UMBF. Kemnay Advisory Services Inc. purchased a new stake in UMB Financial in the 4th quarter valued at approximately $27,000. Farther Finance Advisors LLC raised its holdings in shares of UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at $34,000. Torren Management LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC increased its position in UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after purchasing an additional 267 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Up 1.5%

UMBF stock opened at $123.73 on Friday. The stock has a market capitalization of $9.40 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.88 and a beta of 0.79. The company has a fifty day moving average of $123.64 and a 200-day moving average of $118.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial has a one year low of $82.00 and a one year high of $136.11.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $677.30 million. During the same period in the prior year, the company posted $2.49 earnings per share. The firm’s revenue for the quarter was up 66.0% on a year-over-year basis. As a group, analysts expect that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 18.84%.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.