UMB Financial Co. (NASDAQ:UMBF) Given Average Rating of "Moderate Buy" by Brokerages

Shares of UMB Financial Co. (NASDAQ:UMBF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $122.13.

UMBF has been the topic of several research reports. Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective on the stock. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Morgan Stanley lowered their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Barclays cut their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their target price on shares of UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th.

UMB Financial Price Performance

UMB Financial stock opened at $95.66 on Friday. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94. The firm has a market cap of $7.26 billion, a P/E ratio of 10.64 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The business's fifty day moving average is $98.98 and its two-hundred day moving average is $110.51.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (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 business posted $2.29 EPS. Equities research analysts forecast that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $0.40 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. UMB Financial's dividend payout ratio is 17.80%.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company's stock.

Institutional Investors Weigh In On UMB Financial

Several institutional investors have recently bought and sold shares of UMBF. Truist Financial Corp raised its holdings in shares of UMB Financial by 0.4% in the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank's stock valued at $2,208,000 after purchasing an additional 83 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in UMB Financial by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 9,145 shares of the bank's stock worth $925,000 after buying an additional 122 shares in the last quarter. Covestor Ltd boosted its stake in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after buying an additional 124 shares during the last quarter. Heritage Family Offices LLP boosted its stake in shares of UMB Financial by 6.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank's stock worth $232,000 after buying an additional 125 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of UMB Financial by 5.8% in the 4th quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock valued at $266,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 87.78% 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.

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