UMB Financial Co. (NASDAQ:UMBF) Plans $0.39 Quarterly Dividend

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Monday, June 10th will be given a dividend of 0.39 per share by the bank on Monday, July 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Monday, June 10th.

UMB Financial has increased its dividend by an average of 7.0% per year over the last three years and has raised its dividend every year for the last 31 years. UMB Financial has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect UMB Financial to earn $7.64 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 20.4%.

UMB Financial Price Performance

UMBF traded up $1.91 during trading on Tuesday, reaching $79.66. The stock had a trading volume of 1,519,267 shares, compared to its average volume of 257,438. The stock has a 50 day moving average of $81.82 and a two-hundred day moving average of $77.95. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 11.09 and a beta of 0.83. UMB Financial has a 1-year low of $50.68 and a 1-year high of $87.36.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.53. The business had revenue of $370.80 million during the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The company's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 earnings per share. As a group, equities analysts anticipate that UMB Financial will post 7.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the transaction, the insider now owns 15,217 shares in the company, valued at $1,228,011.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $83.10, for a total transaction of $290,850.00. Following the completion of the sale, the chief executive officer now directly owns 252,114 shares of the company's stock, valued at approximately $20,950,673.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the sale, the insider now owns 15,217 shares of the company's stock, valued at $1,228,011.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,277 shares of company stock worth $2,264,661. Corporate insiders own 8.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of UMB Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $91.00 to $95.00 in a research report on Tuesday. Raymond James raised their target price on shares of UMB Financial from $80.00 to $102.00 and gave the stock a "strong-buy" rating in a report on Thursday, February 1st. Wells Fargo & Company upped their price target on UMB Financial from $88.00 to $90.00 and gave the company an "equal weight" rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price objective on UMB Financial from $86.00 to $93.00 and gave the company a "market perform" rating in a research report on Tuesday. Finally, Piper Sandler lifted their target price on UMB Financial from $87.50 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.00.

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.