UMB Financial Corporation (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, October 24th, Zacks reports. Investors of record on Friday, December 8th will be paid a dividend of 0.275 per share by the bank on Tuesday, January 2nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, December 7th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.26.

UMB Financial has increased its dividend payment by an average of 15.0% per year over the last three years and has raised its dividend every year for the last 12 years. UMB Financial has a dividend payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect UMB Financial to earn $3.95 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 27.8%.

Shares of UMB Financial (UMBF) traded down $0.84 on Friday, hitting $74.32. 334,070 shares of the company were exchanged, compared to its average volume of 183,832. UMB Financial has a 12-month low of $62.27 and a 12-month high of $81.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $3,748.02, a price-to-earnings ratio of 20.42, a P/E/G ratio of 2.46 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. UMB Financial had a net margin of 17.05% and a return on equity of 9.03%. The company had revenue of $245.20 million for the quarter, compared to analysts’ expectations of $257.76 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. UMB Financial’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities analysts anticipate that UMB Financial will post 3.64 EPS for the current year.

UMBF has been the topic of a number of recent analyst reports. UBS raised shares of UMB Financial from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Zacks Investment Research cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Piper Jaffray Companies set a $74.00 target price on shares of UMB Financial and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, Raymond James Financial raised shares of UMB Financial from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $77.20.

In other news, insider Kevin M. Macke sold 1,332 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $75.50, for a total transaction of $100,566.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy R. Murphy purchased 1,500 shares of UMB Financial stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average cost of $67.50 per share, for a total transaction of $101,250.00. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $273,307.50. The disclosure for this purchase can be found here. 10.09% of the stock is currently owned by corporate insiders.

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About UMB Financial

UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.

Dividend History for UMB Financial (NASDAQ:UMBF)

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