UMB Financial Co. Declares Quarterly Dividend of $0.40 (NASDAQ:UMBF)

UMB Financial Co. (NASDAQ:UMBF) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.40 per share by the bank on Tuesday, April 1st. This represents a $1.60 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 10th.

UMB Financial has raised its dividend payment by an average of 4.4% per year over the last three years and has increased its dividend every year for the last 22 years. UMB Financial has a dividend payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect UMB Financial to earn $11.08 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 14.4%.

UMB Financial Stock Down 1.8 %

Shares of NASDAQ:UMBF opened at $120.30 on Friday. The company has a market capitalization of $5.87 billion, a P/E ratio of 13.38 and a beta of 0.82. The stock’s fifty day simple moving average is $119.10 and its 200-day simple moving average is $109.58. UMB Financial has a 52-week low of $76.00 and a 52-week high of $129.94. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.90%. During the same quarter in the previous year, the company posted $2.29 EPS. As a group, equities research analysts forecast that UMB Financial will post 9.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. This represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UMBF has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Barclays upped their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday. Morgan Stanley initiated coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Finally, StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Three investment 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’s stock. Based on data from MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and a consensus price target of $126.63.

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.