UMB Financial Corporation (NASDAQ:UMBF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of UMB Financial Corporation (NASDAQ:UMBF) have received an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $148.0909.

A number of research analysts have recently issued reports on UMBF shares. TD Cowen boosted their price target on shares of UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Citigroup lifted their price objective on UMB Financial from $138.00 to $144.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Truist Financial set a $140.00 target price on UMB Financial in a research report on Friday, May 1st. Piper Sandler increased their target price on UMB Financial from $155.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Zacks Research cut UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the sale, the director owned 12,223 shares of the company’s stock, valued at approximately $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President James D. Rine sold 8,246 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the sale, the president directly owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. This trade represents a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.33% of the company’s stock.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MBM Wealth Consultants LLC acquired a new stake in shares of UMB Financial in the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new stake in UMB Financial in the fourth quarter valued at $27,000. Axiom Investment Management LLC purchased a new position in shares of UMB Financial in the first quarter valued at $28,000. Hilton Head Capital Partners LLC purchased a new position in shares of UMB Financial in the fourth quarter valued at $34,000. Finally, Torren Management LLC acquired a new position in shares of UMB Financial during the 4th quarter worth $37,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

UMB Financial stock opened at $145.65 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50 day simple moving average of $131.39 and a 200-day simple moving average of $123.96. UMB Financial has a 12 month low of $103.38 and a 12 month high of $146.60. The stock has a market capitalization of $11.07 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The firm had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. During the same period last year, the firm posted $2.58 EPS. UMB Financial’s quarterly revenue was up 31.1% on a year-over-year basis. Equities analysts predict that UMB Financial will post 12.83 earnings per share for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 10th. UMB Financial’s dividend payout ratio is currently 15.26%.

About UMB Financial

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.