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

Shares of UMB Financial Co. (NASDAQ:UMBF - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $122.00.

UMBF has been the topic of several analyst reports. Wells Fargo & Company increased their price target on UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Citigroup initiated coverage on UMB Financial in a research report on Thursday, October 10th. They set a "buy" rating and a $127.00 price target for the company. Piper Sandler upped their price objective on UMB Financial from $102.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Royal Bank of Canada began coverage on shares of UMB Financial in a report on Friday, November 22nd. They set a "sector perform" rating and a $130.00 target price for the company. Finally, Barclays increased their price target on shares of UMB Financial from $118.00 to $123.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st.

UMB Financial Trading Down 1.3 %

UMB Financial stock opened at $125.88 on Wednesday. The stock has a 50-day moving average price of $111.68 and a 200 day moving average price of $98.10. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 15.74 and a beta of 0.78. UMB Financial has a 52 week low of $69.96 and a 52 week high of $129.94. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. During the same period in the prior year, the firm earned $2.02 EPS. Sell-side analysts anticipate that UMB Financial will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a $0.40 dividend. This is a positive change from UMB Financial's previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. UMB Financial's dividend payout ratio (DPR) is 19.50%.

Insider Buying and Selling

In other UMB Financial news, Director Greg M. Graves acquired 258 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $109.29 per share, with a total value of $28,196.82. Following the purchase, the director now owns 36,244 shares in the company, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares of the company's stock, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,303 shares of company stock worth $5,830,165 in the last 90 days. Insiders own 8.85% of the company's stock.

Institutional Investors Weigh In On UMB Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in UMB Financial during the third quarter worth about $26,000. Covestor Ltd increased its holdings in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock worth $45,000 after buying an additional 102 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of UMB Financial during the 3rd quarter valued at approximately $83,000. Acropolis Investment Management LLC acquired a new position in UMB Financial in the third quarter valued at approximately $156,000. Finally, 1620 Investment Advisors Inc. purchased a new position in UMB Financial in the second quarter worth approximately $128,000. Institutional investors and hedge funds own 87.78% of the company's stock.

About UMB Financial

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.