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

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $128.71.

Several equities research analysts have weighed in on the company. StockNews.com downgraded UMB Financial from a "hold" rating to a "sell" rating in a report on Tuesday, March 25th. Morgan Stanley reduced their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Barclays increased their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Piper Sandler boosted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Citigroup restated a "neutral" rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd.

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Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % 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 this link. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company's stock.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of UMB Financial by 703.2% during the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock worth $50,000 after purchasing an additional 436 shares during the period. USA Financial Formulas increased its stake in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after buying an additional 268 shares during the period. Covestor Ltd lifted its position in UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after purchasing an additional 124 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial in the third quarter valued at $83,000. Finally, Venturi Wealth Management LLC acquired a new position in UMB Financial during the fourth quarter worth about $96,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Price Performance

UMB Financial stock traded down $11.08 during midday trading on Tuesday, reaching $90.90. The company had a trading volume of 938,088 shares, compared to its average volume of 494,116. The firm's fifty day simple moving average is $108.68 and its 200-day simple moving average is $112.41. UMB Financial has a 12-month low of $76.00 and a 12-month high of $129.94. The company has a market capitalization of $6.60 billion, a P/E ratio of 10.11 and a beta of 0.79. 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 (NASDAQ:UMBF - Get Free Report) last posted its quarterly 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 return on equity of 13.73% and a net margin of 15.76%. During the same quarter last year, the firm posted $2.29 EPS. As a group, equities analysts anticipate that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial's dividend payout ratio is presently 17.80%.

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.