UMB Financial (NASDAQ:UMBF) Now Covered by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of UMB Financial (NASDAQ:UMBF) in a research note published on Thursday morning, Marketbeat reports. The brokerage issued an overweight rating and a $156.00 target price on the bank’s stock.

Several other research firms have also recently issued reports on UMBF. Barclays raised their price target on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Citigroup initiated coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. Wells Fargo & Company boosted 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 note on Thursday, October 31st. Finally, Piper Sandler raised their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.00.

UMB Financial Price Performance

Shares of UMBF stock opened at $123.13 on Thursday. UMB Financial has a 1 year low of $69.96 and a 1 year high of $128.73. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $110.41 and its 200-day moving average is $96.96. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 15.39 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter in the prior year, the business earned $2.02 EPS. Sell-side analysts forecast that UMB Financial will post 9.33 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio is currently 19.50%.

Insider Activity at UMB Financial

In related news, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares in the company, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kris A. Robbins sold 5,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the completion of the sale, the director now owns 3,211 shares of the company’s stock, valued at approximately $329,127.50. This represents a 60.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,303 shares of company stock valued at $5,830,165. 8.85% of the stock is owned by insiders.

Hedge Funds Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of UMBF. Coldstream Capital Management Inc. acquired a new stake in shares of UMB Financial in the third quarter valued at approximately $218,000. Geode Capital Management LLC increased its holdings in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after acquiring an additional 21,091 shares during the last quarter. Barclays PLC raised its stake in UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank’s stock valued at $24,329,000 after acquiring an additional 170,375 shares during the period. MML Investors Services LLC acquired a new stake in UMB Financial during the 3rd quarter valued at $208,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of UMB Financial in the third quarter valued at $1,120,000. Institutional investors own 87.78% of the company’s stock.

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.