UMB Financial Corporation (NASDAQ:UMBF) Given Average Recommendation of “Buy” by Analysts

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been given an average rating of “Buy” by the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $145.5455.

A number of equities research analysts have commented on the stock. Hovde Group raised their target price on shares of UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $145.00 price objective on shares of UMB Financial in a research note on Thursday, January 29th. Keefe, Bruyette & Woods raised their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Citigroup upped their target price on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Barclays increased their price target on UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th.

UMB Financial Stock Performance

Shares of UMBF opened at $131.36 on Wednesday. The business has a 50-day simple moving average of $117.79 and a two-hundred day simple moving average of $117.82. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a 52 week low of $98.16 and a 52 week high of $136.11. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.89 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 EPS. On average, analysts expect that UMB Financial will post 12.76 EPS for the current year.

UMB Financial Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UMBF. MBM Wealth Consultants LLC bought a new position in UMB Financial in the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of UMB Financial during the fourth quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its holdings in shares of UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after buying an additional 171 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of UMB Financial during the fourth quarter worth $34,000. Finally, Torren Management LLC bought a new position in shares of UMB Financial during the fourth quarter worth $37,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

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.