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

Key Points

• Analyst sentiment is moderately bullish: Fourteen brokerages give UMB Financial an average “Moderate Buy” rating, with an average 12-month price target of $163.75.
• Quarterly results beat expectations: UMB Financial reported $3.57 in earnings per share versus the $3.12 consensus estimate, while revenue reached $778 million against forecasts of $727.63 million.
• Shareholder returns are increasing: The company raised its quarterly dividend to $0.50 per share, or $2.00 annually, and announced a 3-for-2 stock split effective September 1.

Shares of UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $163.75.

Several research firms have weighed in on UMBF. Barclays reissued an "overweight" rating and issued a $175.00 price target (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Citigroup restated a "neutral" rating and set a $162.00 price target (up from $144.00) on shares of UMB Financial in a research report on Friday, July 31st. TD Cowen reaffirmed a "buy" rating and issued a $166.00 price target (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of UMB Financial in a research report on Friday, July 24th. Finally, Truist Financial set a $170.00 price objective on shares of UMB Financial and gave the stock a "buy" rating in a research note on Tuesday, August 4th.

UMB Financial Stock Performance

Shares of UMBF opened at $150.88 on Friday. The firm has a market capitalization of $11.46 billion, a P/E ratio of 12.56, a P/E/G ratio of 0.73 and a beta of 0.77. The stock has a 50 day moving average price of $141.82 and a two-hundred day moving average price of $129.44. UMB Financial has a 52 week low of $103.38 and a 52 week high of $151.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.

Shares of UMB Financial are going to split before the market opens on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly minted shares will be distributed to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period last year, the firm posted $2.96 EPS. Equities analysts forecast that UMB Financial will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. This is a boost from UMB Financial's previous quarterly dividend of $0.43. UMB Financial's payout ratio is currently 14.32%.

Insider Transactions at UMB Financial

In other news, President James D. Rine sold 8,246 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the sale, the president directly owned 61,446 shares in the company, valued at approximately $8,147,125.14. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nikki Farentino Newton sold 2,000 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total value of $297,200.00. Following the transaction, the insider directly owned 11,981 shares in the company, valued at $1,780,376.60. This represents a 14.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 34,171 shares of company stock valued at $4,919,826. Company insiders own 5.33% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV boosted its stake in shares of UMB Financial by 4.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank's stock worth $295,000 after buying an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of UMB Financial by 3.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank's stock valued at $335,000 after buying an additional 108 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of UMB Financial by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank's stock valued at $739,000 after purchasing an additional 112 shares during the period. First Citizens Bank & Trust Co. raised its holdings in shares of UMB Financial by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank's stock valued at $820,000 after acquiring an additional 125 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in UMB Financial by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank's stock valued at $450,000 after purchasing an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

About UMB Financial

UMB Financial Corporation NASDAQ: UMBF is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.

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