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

Key Points

• "Moderate Buy" consensus from 13 analysts (9 buys, 3 holds, 1 strong buy) with an average 12‑month price target of $145.55, and several firms recently raised targets (e.g., Barclays, Piper Sandler, KBW).
• UMB reported EPS of $3.41, beating estimates by $0.59, with revenue of $739.16M up 31.1% year‑over‑year; analysts expect about 12.56 EPS for the current year.
• The board declared a quarterly dividend of $0.43 (annualized $1.72, yield ~1.3%, ex‑dividend June 10), institutional investors own 87.78% of shares, and the stock trades at a market cap of ~$9.96B with a P/E of 11.63.

Shares of UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $145.5455.

Several analysts have recently commented on the stock. Barclays raised their price objective on shares of UMB Financial from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Truist Financial set a $140.00 price target on UMB Financial in a research note on Friday. Keefe, Bruyette & Woods raised their price target on UMB Financial from $133.00 to $141.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Piper Sandler boosted their price objective on UMB Financial from $152.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Finally, Weiss Ratings raised UMB Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, April 27th.

Institutional Investors Weigh In On UMB Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Steele Capital Management Inc. purchased a new stake in shares of UMB Financial in the third quarter worth about $1,468,000. Envestnet Asset Management Inc. grew its holdings in UMB Financial by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank's stock valued at $21,625,000 after buying an additional 4,589 shares in the last quarter. Strs Ohio increased its stake in UMB Financial by 10.7% in the 3rd quarter. Strs Ohio now owns 119,700 shares of the bank's stock worth $14,166,000 after acquiring an additional 11,600 shares during the last quarter. Tributary Capital Management LLC raised its holdings in shares of UMB Financial by 82.9% during the 3rd quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank's stock worth $32,872,000 after acquiring an additional 125,924 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of UMB Financial by 42.3% during the 3rd quarter. Truist Financial Corp now owns 29,067 shares of the bank's stock worth $3,440,000 after acquiring an additional 8,641 shares in the last quarter. Institutional investors own 87.78% of the company's stock.

UMB Financial Trading Up 1.3%

Shares of NASDAQ:UMBF opened at $131.06 on Wednesday. The stock has a 50 day moving average of $117.28 and a 200 day moving average of $117.48. The company has a market cap of $9.96 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.01 and a beta of 0.78. UMB Financial has a 12-month low of $98.16 and a 12-month high of $136.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The company had revenue of $739.16 million for the quarter, compared to analysts' expectations of $701.79 million. During the same quarter last year, the business earned $2.58 EPS. The firm's revenue was up 31.1% compared to the same quarter last year. As a group, equities research analysts expect that UMB Financial will post 12.56 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, June 10th. UMB Financial's dividend payout ratio is presently 15.26%.

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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