UMB Financial Co. (NASDAQ:UMBF) Given Consensus Rating of “Buy” by Analysts

UMB Financial Co. (NASDAQ:UMBF) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $102.33.

UMBF has been the subject of a number of recent analyst reports. Barclays increased their price target on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods raised shares of UMB Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $93.00 to $98.00 in a research report on Friday, May 31st. Wells Fargo & Company increased their target price on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Piper Sandler raised their target price on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 10,115 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $93.00, for a total value of $940,695.00. Following the transaction, the chief executive officer now owns 257,796 shares of the company’s stock, valued at approximately $23,975,028. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO J Mariner Kemper sold 10,115 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $93.00, for a total value of $940,695.00. Following the completion of the sale, the chief executive officer now directly owns 257,796 shares of the company’s stock, valued at approximately $23,975,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tamara Peterman acquired 396 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the completion of the acquisition, the director now directly owns 7,407 shares in the company, valued at $737,440.92. The disclosure for this purchase can be found here. Insiders sold a total of 31,846 shares of company stock valued at $2,785,719 over the last three months. Corporate insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of UMB Financial by 3.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,244 shares of the bank’s stock valued at $1,691,000 after acquiring an additional 678 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of UMB Financial during the 4th quarter valued at $1,028,000. Mackenzie Financial Corp bought a new stake in shares of UMB Financial during the 4th quarter worth $228,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of UMB Financial by 7.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,013 shares of the bank’s stock worth $837,000 after buying an additional 730 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new position in UMB Financial during the fourth quarter valued at about $236,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF opened at $97.37 on Monday. The business has a 50-day moving average of $88.97 and a 200-day moving average of $84.40. UMB Financial has a 1 year low of $57.91 and a 1 year high of $105.21. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 12.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.73 and a quick ratio of 0.73.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The firm had revenue of $390.03 million for the quarter, compared to the consensus estimate of $384.96 million. During the same quarter in the previous year, the company earned $1.93 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that UMB Financial will post 8.98 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, September 10th. UMB Financial’s dividend payout ratio is currently 20.72%.

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.