UMB Financial Corporation (NASDAQ:UMBF) Receives Average Rating of "Moderate Buy" from Brokerages

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) has received an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $165.00.

UMBF has been the topic of several recent research reports. Citigroup restated a "neutral" rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Keefe, Bruyette & Woods boosted their price objective on UMB Financial from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Truist Financial set a $170.00 price objective on UMB Financial and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Stephens began coverage on UMB Financial in a research report on Tuesday, July 14th. They set an "overweight" rating and a $167.00 price objective for the company. Finally, TD Cowen reissued a "buy" rating and set a $166.00 price objective (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th.

Insider Activity

In other news, President James D. Rine sold 8,246 shares of the company's stock in a transaction that occurred on Tuesday, June 9th. The stock was 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 represents a 11.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO J Mariner Kemper sold 15,062 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.55, for a total value of $2,237,460.10. Following the completion of the sale, the chief executive officer owned 1,491,138 shares in the company, valued at approximately $221,508,549.90. This represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 34,171 shares of company stock valued at $4,919,826. Corporate insiders own 5.33% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in UMB Financial during the 2nd quarter worth $1,458,386,000. UMB Bank n.a. lifted its holdings in UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank's stock worth $553,322,000 after buying an additional 493,875 shares in the last quarter. State Street Corp lifted its holdings in UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank's stock worth $453,461,000 after buying an additional 313,414 shares in the last quarter. Wellington Management Group LLP lifted its holdings in UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank's stock worth $366,743,000 after buying an additional 751,525 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in UMB Financial by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank's stock worth $328,200,000 after buying an additional 55,005 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Down 0.6%

UMBF traded down $0.84 during trading on Friday, reaching $145.02. 114,305 shares of the stock traded hands, compared to its average volume of 624,207. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.72 and a beta of 0.77. UMB Financial has a fifty-two week low of $103.38 and a fifty-two week high of $153.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The stock's 50-day simple moving average is $143.63 and its two-hundred day simple moving average is $130.28.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to analysts' expectations of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter last year, the firm earned $2.96 earnings per share. As a group, equities research analysts expect that UMB Financial will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a dividend of $0.50 per share. This is a positive change from UMB Financial's previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. UMB Financial's dividend payout ratio is presently 14.32%.

UMB Financial Company Profile

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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