UMB Financial Corporation (NASDAQ:UMBF) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $124.75.

A number of brokerages recently weighed in on UMBF. Bank of America initiated coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price for the company. Barclays raised their target price on UMB Financial from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday. Piper Sandler set a $135.00 price target on shares of UMB Financial and gave the company an "overweight" rating in a research report on Friday, June 13th. Wall Street Zen lowered UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Royal Bank Of Canada dropped their price target on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total transaction of $550,995.72. Following the completion of the transaction, the chief executive officer directly owned 288,945 shares of the company's stock, valued at $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.45% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at approximately $103,000. Atria Investments Inc raised its position in shares of UMB Financial by 10.3% during the 4th quarter. Atria Investments Inc now owns 8,406 shares of the bank's stock valued at $949,000 after buying an additional 787 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of UMB Financial during the 4th quarter worth about $1,752,000. Raymond James Financial Inc. purchased a new stake in shares of UMB Financial in the 4th quarter valued at approximately $11,357,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in UMB Financial by 11.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,645 shares of the bank's stock worth $1,314,000 after purchasing an additional 1,190 shares in the last quarter. Institutional investors own 87.78% of the company's stock.

UMB Financial Trading Up 0.5%

NASDAQ UMBF opened at $110.69 on Thursday. The stock has a 50 day moving average of $103.81 and a 200-day moving average of $105.45. The company has a market cap of $8.40 billion, a PE ratio of 13.92, a PEG ratio of 1.28 and a beta of 0.74. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial has a 12 month low of $82.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. During the same period in the prior year, the firm posted $2.47 EPS. UMB Financial's quarterly revenue was up 41.4% on a year-over-year basis. On average, equities research analysts anticipate that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

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.

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