UMB Financial’s (UMBF) Neutral Rating Reiterated at Citigroup

Citigroup restated their neutral rating on shares of UMB Financial (NASDAQ:UMBF) in a research note published on Monday, MarketBeat.com reports. The brokerage currently has a $127.00 price target on the bank’s stock, down from their previous price target of $130.00.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Morgan Stanley began coverage on UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Barclays increased their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Piper Sandler increased their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.14.

UMB Financial Stock Up 2.5 %

Shares of NASDAQ UMBF opened at $117.48 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.73 billion, a PE ratio of 13.07 and a beta of 0.82. The stock’s fifty day simple moving average is $118.39 and its two-hundred day simple moving average is $110.28. UMB Financial has a 12-month low of $76.00 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the firm posted $2.29 EPS. As a group, analysts expect that UMB Financial will post 9.51 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. UMB Financial’s dividend payout ratio (DPR) is 17.80%.

Insider Buying and Selling

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the transaction, the chief executive officer now owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,681 shares of company stock worth $3,201,798 in the last 90 days. Insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors have recently modified their holdings of the stock. Truist Financial Corp raised its stake in shares of UMB Financial by 0.4% during the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock valued at $2,208,000 after buying an additional 83 shares during the last quarter. Covestor Ltd grew its position in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the period. Heritage Family Offices LLP grew its position in shares of UMB Financial by 6.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after acquiring an additional 125 shares during the period. Commerce Bank grew its position in shares of UMB Financial by 0.3% during the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after acquiring an additional 142 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in shares of UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock valued at $410,000 after acquiring an additional 186 shares during the period. 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.