UMB Financial’s (UMBF) “Hold (C+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c+) rating on shares of UMB Financial (NASDAQ:UMBF) in a research report released on Wednesday morning,Weiss Ratings reports.

Several other equities analysts also recently commented on UMBF. Truist Financial upped their price objective on shares of UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Raymond James Financial upped their price objective on shares of UMB Financial from $135.00 to $138.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 31st. Cowen assumed coverage on shares of UMB Financial in a research note on Wednesday, September 24th. They issued a “buy” rating for the company. Morgan Stanley increased their price target on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, TD Cowen assumed coverage on shares of UMB Financial in a research note on Thursday, September 25th. They issued a “buy” rating and a $151.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF opened at $113.02 on Wednesday. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The company has a 50-day moving average price of $118.57 and a 200-day moving average price of $107.27. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial has a 12 month low of $82.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, beating the consensus estimate of $2.35 by $0.61. The firm had revenue of $689.21 million during the quarter, compared to the consensus estimate of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.16 earnings per share. As a group, equities analysts anticipate that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, September 10th. UMB Financial’s dividend payout ratio is 18.39%.

Insiders Place Their Bets

In other news, Director Greg M. Graves purchased 234 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average price of $120.44 per share, for a total transaction of $28,182.96. Following the completion of the acquisition, the director directly owned 38,034 shares in the company, valued at $4,580,814.96. This represents a 0.62% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stacy H. King sold 1,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $118.88, for a total transaction of $178,320.00. Following the sale, the insider owned 9,472 shares in the company, valued at approximately $1,126,031.36. The trade was a 13.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 678 shares of company stock valued at $75,948 and have sold 20,845 shares valued at $2,440,666. 5.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of UMB Financial by 21.1% during the first quarter. Bank of New York Mellon Corp now owns 546,483 shares of the bank’s stock valued at $55,249,000 after buying an additional 95,339 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of UMB Financial by 27.4% during the first quarter. OneDigital Investment Advisors LLC now owns 2,367 shares of the bank’s stock valued at $239,000 after buying an additional 509 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of UMB Financial by 96.3% during the first quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank’s stock valued at $1,590,000 after buying an additional 7,715 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of UMB Financial by 2.8% during the first quarter. New York State Teachers Retirement System now owns 60,376 shares of the bank’s stock valued at $6,104,000 after buying an additional 1,664 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of UMB Financial during the first quarter valued at approximately $237,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

About UMB Financial

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.