UMB Financial Corporation (NASDAQ:UMBF) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• UMB Financial Corporation has received a consensus rating of "Moderate Buy" from thirteen analysts, with an average target price of $138.00.
• Insider trading activities included Greg M. Graves purchasing 234 shares at $120.44 each, while Phillip James Mason sold 750 shares at $120.97, indicating mixed sentiment among company insiders.
• UMB Financial recently announced a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 1.5% and a payout ratio of 18.39%.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $138.00.

A number of analysts have commented on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of UMB Financial in a research report on Wednesday, October 8th. TD Cowen assumed coverage on shares of UMB Financial in a report on Thursday, September 25th. They issued a "buy" rating and a $151.00 target price on the stock. Cowen assumed coverage on shares of UMB Financial in a report on Wednesday, September 24th. They issued a "buy" rating on the stock. Truist Financial boosted their target price on shares of UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Finally, Royal Bank Of Canada boosted their target price on shares of UMB Financial from $122.00 to $128.00 and gave the stock a "sector perform" rating in a report on Friday, October 10th.

Insiders Place Their Bets

In other news, Director Greg M. Graves bought 234 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were acquired at an average cost of $120.44 per share, with a total value of $28,182.96. Following the completion of the transaction, the director directly owned 38,034 shares in the company, valued at approximately $4,580,814.96. The trade was a 0.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Phillip James Mason sold 750 shares of UMB Financial stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $120.97, for a total transaction of $90,727.50. Following the completion of the transaction, the insider directly owned 8,815 shares in the company, valued at approximately $1,066,350.55. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. Company insiders own 5.45% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UMBF. Brooklyn Investment Group increased its position in shares of UMB Financial by 4,840.0% in the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock worth $25,000 after acquiring an additional 242 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of UMB Financial in the first quarter worth approximately $27,000. McIlrath & Eck LLC purchased a new position in UMB Financial during the first quarter valued at approximately $29,000. Farther Finance Advisors LLC grew its position in UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank's stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in UMB Financial during the first quarter valued at approximately $35,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Up 1.3%

UMBF stock opened at $108.85 on Friday. UMB Financial has a 52 week low of $82.00 and a 52 week high of $129.94. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73. The firm's 50-day moving average is $118.90 and its two-hundred day moving average is $107.86. 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 (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same period in the previous year, the firm earned $2.16 EPS. UMB Financial's revenue was up 76.7% on a year-over-year basis. On average, analysts forecast that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, September 10th. UMB Financial's payout ratio is presently 18.39%.

About UMB Financial

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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