UMB Financial Co. (NASDAQ:UMBF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

UMB Financial Co. (NASDAQ:UMBF) has received an average rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $124.00.

A number of brokerages have recently weighed in on UMBF. Citigroup began coverage on UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. Barclays lifted their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Morgan Stanley initiated coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF opened at $120.55 on Thursday. UMB Financial has a twelve month low of $76.00 and a twelve month high of $129.94. The firm has a market cap of $5.88 billion, a PE ratio of 15.07 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The business has a fifty day moving average of $119.17 and a 200-day moving average of $108.26.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same period last year, the company posted $2.02 earnings per share. On average, equities research analysts predict that UMB Financial will post 9.23 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, December 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is 20.00%.

Insider Activity

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Greg M. Graves bought 258 shares of the business’s stock in a transaction on Friday, November 1st. The stock was purchased at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now directly owns 36,244 shares in the company, valued at approximately $3,961,106.76. This represents a 0.72 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 50,303 shares of company stock worth $5,879,967 in the last 90 days. Corporate insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UMBF. Principal Financial Group Inc. increased its position in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Millennium Management LLC increased its position in shares of UMB Financial by 567.1% during the 2nd quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock worth $61,208,000 after purchasing an additional 623,751 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of UMB Financial during the 3rd quarter worth approximately $48,531,000. ProShare Advisors LLC increased its position in shares of UMB Financial by 102.7% during the 2nd quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock worth $62,780,000 after purchasing an additional 381,278 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of UMB Financial by 258.0% during the 3rd quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock worth $41,245,000 after purchasing an additional 282,783 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

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.