UMB Financial Corporation (NASDAQ:UMBF) Receives Average Rating of “Buy” from Analysts

UMB Financial Corporation (NASDAQ:UMBF) has received a consensus rating of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $141.1818.

Several research analysts have commented on the stock. TD Cowen restated a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Weiss Ratings raised UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Citigroup boosted their price objective on UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Piper Sandler raised their target price on UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Finally, Morgan Stanley lifted their target price on UMB Financial from $154.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 388 shares of UMB Financial stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total transaction of $50,168.40. Following the sale, the director directly owned 12,488 shares in the company, valued at $1,614,698.40. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg M. Graves acquired 220 shares of UMB Financial stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $127.83 per share, with a total value of $28,122.60. Following the acquisition, the director directly owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. This trade represents a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 19,102 shares of company stock worth $2,458,247 over the last ninety days. 5.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of UMB Financial by 89.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,628 shares of the bank’s stock valued at $187,000 after acquiring an additional 770 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in UMB Financial by 569.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 442 shares of the bank’s stock worth $51,000 after purchasing an additional 376 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in UMB Financial by 25.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 235,658 shares of the bank’s stock worth $27,111,000 after purchasing an additional 47,358 shares during the period. Invesco Ltd. boosted its stake in UMB Financial by 9.1% during the 4th quarter. Invesco Ltd. now owns 283,113 shares of the bank’s stock valued at $32,569,000 after purchasing an additional 23,566 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of UMB Financial by 4.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock valued at $295,000 after purchasing an additional 102 shares during the period. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Stock Performance

UMBF stock opened at $109.04 on Tuesday. UMB Financial has a 1 year low of $82.00 and a 1 year high of $136.11. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s fifty day moving average is $121.83 and its two-hundred day moving average is $117.71.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. The business had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The company’s revenue for the quarter was up 66.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 EPS. On average, research analysts predict that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 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.