UMB Financial Corporation (NASDAQ:UMBF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $141.50.

A number of research firms have recently commented on UMBF. Barclays restated an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a research note on Thursday, January 29th. Royal Bank Of Canada set a $134.00 price objective on shares of UMB Financial and gave the stock an “outperform” rating in a research note on Monday, January 12th. Morgan Stanley reduced their price objective on shares of UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. TD Cowen restated a “buy” rating on shares of UMB Financial in a research note on Thursday, January 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 15,214 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $128.59, for a total value of $1,956,368.26. Following the completion of the sale, the chief executive officer directly owned 1,506,200 shares in the company, valued at approximately $193,682,258. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Greg M. Graves bought 220 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average price of $127.83 per share, with a total value of $28,122.60. Following the completion of the purchase, the director directly owned 39,541 shares in the company, valued at $5,054,526.03. The trade was a 0.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 19,102 shares of company stock worth $2,458,247 in the last three months. Insiders own 5.33% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Several hedge funds have recently bought and sold shares of UMBF. Alliancebernstein L.P. lifted its stake in UMB Financial by 636.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after purchasing an additional 1,286,543 shares during the last quarter. Wellington Management Group LLP lifted its stake in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after purchasing an additional 751,525 shares during the last quarter. Norges Bank acquired a new stake in UMB Financial in the 4th quarter valued at about $85,885,000. UMB Bank n.a. lifted its stake in UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after purchasing an additional 493,875 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in UMB Financial by 1,148.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock valued at $48,554,000 after purchasing an additional 388,253 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Price Performance

UMBF stock opened at $123.59 on Friday. The stock has a 50-day moving average price of $118.24 and a two-hundred day moving average price of $117.01. UMB Financial has a 1 year low of $89.34 and a 1 year high of $136.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $9.41 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 0.98 and a beta of 0.75.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. During the same period in the prior year, the business posted $2.49 EPS. The company’s quarterly revenue was up 66.0% on a year-over-year basis. Equities analysts forecast that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, March 10th. UMB Financial’s dividend payout ratio is currently 18.84%.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.