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

Key Points

• UMB Financial Corporation has received a consensus recommendation of "Moderate Buy" from nine ratings firms, with a 12-month average price target of $133.89.
• Recent insider transactions include CEO J Mariner Kemper selling 15,523 shares, while insiders overall sold 20,845 shares totaling approximately $2.44 million over the last 90 days.
• UMB Financial announced a quarterly dividend of $0.40 per share, resulting in an annualized yield of 1.3%, with the ex-dividend date set for September 10th.

Shares of UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $133.8889.

UMBF has been the subject of several research reports. Barclays increased their price objective on UMB Financial from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Truist Financial increased their price objective on UMB Financial from $130.00 to $144.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Wells Fargo & Company increased their price objective on UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Royal Bank Of Canada increased their price objective on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, Piper Sandler increased their price objective on UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st.

Insider Transactions at UMB Financial

In related news, insider Phillip James Mason sold 750 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $120.97, for a total value of $90,727.50. Following the completion of the transaction, the insider directly owned 8,815 shares of the company's stock, valued at $1,066,350.55. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 15,523 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $116.33, for a total value of $1,805,790.59. Following the completion of the transaction, the chief executive officer directly owned 1,536,781 shares of the company's stock, valued at approximately $178,773,733.73. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 678 shares of company stock valued at $75,948 and sold 20,845 shares valued at $2,440,666. 5.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group lifted its position in 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 purchasing an additional 242 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in UMB Financial in the first quarter worth $27,000. Rothschild Investment LLC lifted its position in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after purchasing an additional 221 shares during the period. McIlrath & Eck LLC acquired a new position in UMB Financial during the first quarter worth $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in UMB Financial during the first quarter worth $35,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Trading Down 2.5%

Shares of UMBF stock opened at $119.51 on Tuesday. UMB Financial has a 12 month low of $82.00 and a 12 month high of $129.94. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The business's 50 day moving average is $115.86 and its two-hundred day moving average is $105.77. The company has a market cap of $9.07 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, beating the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The company had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same quarter last year, the company posted $2.16 earnings per share. The company's revenue for the quarter was up 76.7% compared to the same quarter last year. Equities analysts predict that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 10th. UMB Financial's dividend payout ratio (DPR) is 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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