UMB Financial (NASDAQ:UMBF) Posts Earnings Results

UMB Financial (NASDAQ:UMBF - Get Free Report) posted its earnings results on Tuesday. The bank reported $2.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.24, Zacks reports. UMB Financial had a return on equity of 13.90% and a net margin of 15.76%. During the same quarter last year, the firm posted $2.29 earnings per share.

UMB Financial Trading Down 1.8 %

Shares of UMB Financial stock traded down $2.16 during trading on Friday, reaching $118.14. The company's stock had a trading volume of 1,261,201 shares, compared to its average volume of 648,451. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 13.13 and a beta of 0.82. The firm's 50-day moving average is $119.10 and its two-hundred day moving average is $109.58. UMB Financial has a 52-week low of $76.00 and a 52-week high of $129.94.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

Analysts Set New Price Targets

UMBF has been the topic of a number of analyst reports. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Wednesday. Piper Sandler upped 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. Morgan Stanley assumed coverage on UMB Financial in a research note on Thursday, November 21st. They set an "overweight" rating and a $156.00 price objective for the company. Citigroup assumed coverage on UMB Financial in a research report on Thursday, October 10th. They set a "buy" rating and a $127.00 target price for the company. Finally, Wells Fargo & Company raised their price target on UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Three 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.63.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the company'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 transaction of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares of the company's stock, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.85% 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.