UMB Financial Corporation (NASDAQ:UMBF) Receives Consensus Rating of “Buy” from Brokerages

UMB Financial Corporation (NASDAQ:UMBF) has been assigned a consensus rating of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $145.5455.

A number of equities research analysts have issued reports on UMBF shares. Royal Bank Of Canada upped their price objective on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Piper Sandler upped 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. Weiss Ratings upgraded UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Morgan Stanley decreased their price objective on UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Hovde Group upped their price objective on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $129.92 on Friday. The stock has a 50 day moving average of $124.27 and a 200 day moving average of $120.66. UMB Financial has a 12 month low of $98.16 and a 12 month high of $136.11. The firm has a market cap of $9.87 billion, a PE ratio of 11.53, a PEG ratio of 0.88 and a beta of 0.78. 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) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. During the same period in the prior year, the company earned $2.58 earnings per share. The firm’s revenue was up 31.1% on a year-over-year basis. On average, research analysts expect that UMB Financial will post 12.76 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio is currently 15.26%.

Institutional Trading of UMB Financial

A number of large investors have recently modified their holdings of UMBF. Alliancebernstein L.P. boosted its holdings in shares of UMB Financial by 636.7% in the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after purchasing an additional 1,286,543 shares during the period. Wellington Management Group LLP boosted its holdings in shares of UMB Financial by 32.0% in the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after purchasing an additional 751,525 shares during the period. Norges Bank purchased a new stake in shares of UMB Financial in the fourth quarter valued at approximately $85,885,000. UMB Bank n.a. boosted its holdings in shares of UMB Financial by 11.4% in the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after purchasing an additional 493,875 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of UMB Financial by 1,148.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock valued at $48,554,000 after purchasing an additional 388,253 shares during the period. 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.