UMB Financial (NASDAQ:UMBF) Issues Quarterly Earnings Results

UMB Financial (NASDAQ:UMBF) posted its earnings results on Tuesday. The bank reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24, Zacks reports. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter last year, the firm posted $2.29 earnings per share.

UMB Financial Trading Up 0.3 %

NASDAQ:UMBF opened at $122.87 on Thursday. The company has a 50-day moving average price of $119.06 and a 200-day moving average price of $109.49. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 15.29 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. UMB Financial’s dividend payout ratio (DPR) is presently 20.00%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays increased 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. Piper Sandler upped their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley assumed coverage on UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.88.

Insider Activity at UMB Financial

In related news, Director Greg M. Graves purchased 258 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $109.29 per share, with a total value of $28,196.82. Following the transaction, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the completion of the transaction, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at approximately $171,581,813.32. The trade was a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,303 shares of company stock worth $5,879,967 over the last 90 days. 8.85% of the stock is owned by company insiders.

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.