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

Shares of UMB Financial Co. (NASDAQ:UMBF) have earned an average recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $102.33.

Several research firms have recently issued reports on UMBF. Piper Sandler increased their price target on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Barclays increased their price target on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price target on 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, Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $93.00 to $98.00 in a research note on Friday, May 31st.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $101.91 on Friday. UMB Financial has a 1-year low of $57.91 and a 1-year high of $105.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.73 and a quick ratio of 0.73. The business’s fifty day moving average price is $96.58 and its two-hundred day moving average price is $87.05. The firm has a market capitalization of $4.97 billion, a PE ratio of 13.53 and a beta of 0.78.

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

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors 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 yield of 1.53%. The ex-dividend date is Tuesday, September 10th. UMB Financial’s payout ratio is currently 20.72%.

Insider Buying and Selling

In related news, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the transaction, the director now owns 3,211 shares of the company’s stock, valued at approximately $329,127.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other UMB Financial news, EVP John Pauls sold 1,623 shares of UMB Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total transaction of $150,890.31. Following the transaction, the executive vice president now owns 7,332 shares of the company’s stock, valued at approximately $681,656.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.50, for a total value of $512,500.00. Following the transaction, the director now directly owns 3,211 shares in the company, valued at approximately $329,127.50. The disclosure for this sale can be found here. Insiders have sold a total of 34,846 shares of company stock valued at $3,135,439 over the last three months. Company insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in UMB Financial by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after acquiring an additional 394,578 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of UMB Financial by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock valued at $163,066,000 after buying an additional 49,690 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of UMB Financial by 6.8% during the 2nd quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock valued at $146,196,000 after buying an additional 111,090 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of UMB Financial by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after buying an additional 100,000 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of UMB Financial by 102.7% during the 2nd quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after buying an additional 381,278 shares during the last quarter. Hedge funds and other institutional investors own 87.78% 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.