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

Key Points

• UMB Financial Corporation has received a consensus recommendation of "Moderate Buy" from analysts, with an average one-year price target of $132.11.
• The company reported earnings of $2.96 per share, exceeding analysts' expectations and reflecting a 76.7% year-over-year revenue increase to $689.21 million.
• UMB Financial will pay a quarterly dividend of $0.40 on October 1st, resulting in an annualized yield of 1.5%.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $132.11.

UMBF has been the subject of several recent research reports. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Barclays reaffirmed an "overweight" rating and set a $150.00 price objective (up previously from $140.00) on shares of UMB Financial in a research report on Thursday. Truist Financial raised their target price on shares of UMB Financial from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price for the company. Finally, Royal Bank Of Canada increased their price target on UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday.

UMB Financial Trading Down 1.5%

Shares of NASDAQ UMBF opened at $108.39 on Monday. 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 stock's 50 day moving average price is $104.71 and its two-hundred day moving average price is $104.03. UMB Financial has a 52-week low of $82.00 and a 52-week high of $129.94. The stock has a market capitalization of $8.23 billion, a P/E ratio of 12.46, a PEG ratio of 1.27 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%. The business had revenue of $689.21 million during the quarter, compared to the consensus estimate of $638.25 million. During the same period in the previous year, the business earned $2.16 EPS. The business's quarterly revenue was up 76.7% on a year-over-year basis. On average, analysts anticipate that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

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

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $101.81, for a total transaction of $550,995.72. Following the sale, the chief executive officer owned 288,945 shares of the company's stock, valued at $29,417,490.45. The trade was a 1.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UMBF. Vanguard Group Inc. lifted its holdings in UMB Financial by 54.0% in the first quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock worth $741,342,000 after purchasing an additional 2,570,283 shares during the period. Dimensional Fund Advisors LP lifted its holdings in UMB Financial by 78.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock worth $273,029,000 after purchasing an additional 1,185,671 shares during the period. Wellington Management Group LLP lifted its holdings in UMB Financial by 19.1% in the first quarter. Wellington Management Group LLP now owns 2,407,115 shares of the bank's stock worth $243,359,000 after purchasing an additional 385,830 shares during the period. American Century Companies Inc. lifted its holdings in UMB Financial by 7.7% in the first quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank's stock worth $207,660,000 after purchasing an additional 146,585 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in UMB Financial by 3.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank's stock worth $213,688,000 after purchasing an additional 63,147 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Company Profile

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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