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

UMB Financial Co. (NASDAQ:UMBF) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Monday, March 10th will be paid a dividend of 0.40 per share by the bank on Tuesday, April 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Monday, March 10th.

UMB Financial has raised its dividend payment by an average of 4.4% annually 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect UMB Financial to earn $9.40 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 17.0%.

UMB Financial Trading Up 0.8 %

Shares of UMB Financial stock traded up $0.94 during trading on Wednesday, reaching $122.56. 1,526,272 shares of the company were exchanged, compared to its average volume of 569,965. The business has a 50-day moving average price of $119.06 and a 200-day moving average price of $109.49. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 15.32 and a beta of 0.82. UMB Financial has a twelve month low of $76.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.24. 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 earned $2.29 EPS. Sell-side analysts anticipate that UMB Financial will post 9.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on UMBF. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Morgan Stanley initiated coverage on UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. Wells Fargo & Company upped their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada initiated coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock. Finally, Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the 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 transaction, the chief executive officer now owns 1,576,604 shares in the company, valued at approximately $171,581,813.32. This trade represents a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,303 shares of company stock worth $5,879,967. Company insiders own 8.85% 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.