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

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $130.14.

A number of research firms recently issued reports on UMBF. Morgan Stanley began coverage on UMB Financial in a research note on Thursday, November 21st. They set an "overweight" rating and a $156.00 price objective on the stock. Piper Sandler increased their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Finally, Citigroup reiterated a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd.

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Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of 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. 8.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after buying an additional 694,751 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in UMB Financial during the third quarter worth about $48,531,000. Freestone Grove Partners LP purchased a new stake in UMB Financial in the fourth quarter worth about $48,235,000. Captrust Financial Advisors increased its stake in shares of UMB Financial by 258.0% during the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank's stock valued at $41,245,000 after purchasing an additional 282,783 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in shares of UMB Financial by 438.8% during the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock valued at $33,693,000 after purchasing an additional 261,055 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

NASDAQ:UMBF traded down $3.89 on Friday, reaching $98.78. 744,409 shares of the company's stock were exchanged, compared to its average volume of 452,201. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 10.99 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. The stock has a fifty day simple moving average of $113.40 and a 200-day simple moving average of $112.57. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data 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 net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the firm posted $2.29 earnings per share. As a group, sell-side analysts predict that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. UMB Financial's dividend payout ratio (DPR) is currently 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.