UMB Financial Co. (NASDAQ:UMBF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of UMB Financial Co. (NASDAQ:UMBF) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $130.14.

UMBF has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Morgan Stanley began coverage on UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Finally, StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $111.86 on Monday. The company’s 50-day moving average is $116.56 and its two-hundred day moving average is $111.19. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 12.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period last year, the business earned $2.29 earnings per share. Analysts forecast that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s payout ratio is currently 17.80%.

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,681 shares of company stock worth $3,201,798. Company insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in UMB Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank’s stock worth $537,494,000 after buying an additional 48,507 shares during the last quarter. Wellington Management Group LLP lifted its stake in UMB Financial by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock worth $228,122,000 after purchasing an additional 102,104 shares during the last quarter. Geode Capital Management LLC boosted its holdings in UMB Financial by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after purchasing an additional 21,091 shares in the last quarter. FMR LLC increased its stake in UMB Financial by 2.7% in the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after purchasing an additional 24,799 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after purchasing an additional 694,751 shares in the last quarter. Institutional investors and hedge funds 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.