UMB Financial Co. (NASDAQ:UMBF) Receives Average Rating of "Moderate Buy" from Analysts

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $130.14.

A number of equities research analysts recently commented on UMBF shares. Wells Fargo & Company lifted their target price on UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Barclays lifted their target price on UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Citigroup reaffirmed a "neutral" rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Piper Sandler lifted their target price on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th.

UMB Financial Stock Down 0.3 %

NASDAQ UMBF traded down $0.38 during trading on Monday, hitting $112.56. The company's stock had a trading volume of 451,937 shares, compared to its average volume of 874,381. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $5.49 billion, a PE ratio of 12.52 and a beta of 0.82. The business's 50 day simple moving average is $117.05 and its 200-day simple moving average is $110.93. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94.

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 for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period in the prior year, the firm earned $2.29 earnings per share. On average, equities analysts anticipate that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's payout ratio is presently 17.80%.

Insider Buying and Selling at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now owns 5,828 shares of the company's stock, valued at $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,681 shares of company stock valued at $3,201,798. 8.85% of the stock is owned by company insiders.

Institutional Trading of UMB Financial

Large investors have recently made changes to their positions in the company. Cerity Partners LLC increased its position in shares of UMB Financial by 767.4% during the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank's stock worth $2,236,000 after purchasing an additional 18,817 shares in the last quarter. Principal Financial Group Inc. boosted its stake in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after buying an additional 694,751 shares during the last quarter. Natixis Advisors LLC boosted its stake in UMB Financial by 51.2% during the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank's stock worth $3,041,000 after buying an additional 9,803 shares during the last quarter. King Luther Capital Management Corp boosted its stake in UMB Financial by 229.6% during the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank's stock worth $4,952,000 after buying an additional 32,820 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in UMB Financial by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank's stock worth $117,139,000 after buying an additional 21,091 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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.