UMB Financial (NASDAQ:UMBF) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of UMB Financial (NASDAQ:UMBFFree Report) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other brokerages have also recently weighed in on UMBF. Piper Sandler boosted their price target on shares of UMB Financial from $87.50 to $99.00 and gave the stock an overweight rating in a research report on Thursday, February 1st. Raymond James lifted their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the stock a strong-buy rating in a research note on Thursday, February 1st. Finally, Barclays assumed coverage on shares of UMB Financial in a research note on Friday, March 8th. They set an equal weight rating and a $91.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $84.17.

Read Our Latest Analysis on UMBF

UMB Financial Trading Up 1.2 %

UMB Financial stock opened at $79.48 on Friday. The firm’s 50 day moving average price is $80.97 and its 200-day moving average price is $73.61. UMB Financial has a 1 year low of $50.68 and a 1 year high of $86.24. The stock has a market cap of $3.87 billion, a P/E ratio of 11.07 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72.

UMB Financial (NASDAQ:UMBFGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The company had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $360.69 million. During the same quarter in the previous year, the business posted $2.06 earnings per share. UMB Financial’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts predict that UMB Financial will post 7.29 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, March 8th. UMB Financial’s dividend payout ratio is currently 21.73%.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $83.10, for a total transaction of $290,850.00. Following the transaction, the chief executive officer now directly owns 252,114 shares in the company, valued at approximately $20,950,673.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $83.10, for a total transaction of $290,850.00. Following the transaction, the chief executive officer now directly owns 252,114 shares in the company, valued at approximately $20,950,673.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kevin Charles Gallagher sold 625 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $80.21, for a total transaction of $50,131.25. Following the completion of the sale, the director now owns 12,859 shares in the company, valued at $1,031,420.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,667 shares of company stock valued at $1,187,393. 9.77% of the stock is currently owned by company insiders.

Institutional Trading of UMB Financial

Institutional investors have recently modified their holdings of the company. Assetmark Inc. bought a new stake in shares of UMB Financial in the 4th quarter valued at about $28,000. Headlands Technologies LLC purchased a new position in shares of UMB Financial in the 3rd quarter valued at approximately $74,000. Captrust Financial Advisors raised its position in shares of UMB Financial by 93.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank’s stock valued at $95,000 after purchasing an additional 536 shares during the last quarter. Covestor Ltd raised its position in shares of UMB Financial by 378.7% in the 2nd quarter. Covestor Ltd now owns 1,709 shares of the bank’s stock valued at $104,000 after purchasing an additional 1,352 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of UMB Financial by 56.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,900 shares of the bank’s stock valued at $116,000 after purchasing an additional 682 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

UMB Financial Company Profile

(Get Free Report)

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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Analyst Recommendations for UMB Financial (NASDAQ:UMBF)

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