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

UMB Financial Co. (NASDAQ:UMBF) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders 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 yield of 1.31%. The ex-dividend date is Monday, March 10th.

UMB Financial has increased its dividend payment by an average of 4.4% per year over the last three years and has raised 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 Stock Up 0.8 %

UMBF opened at $122.56 on Thursday. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company’s 50-day moving average is $119.06 and its 200 day moving average is $109.49. The firm has a market capitalization of $5.98 billion, a P/E ratio of 15.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates 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 company earned $2.29 EPS. Research analysts expect that UMB Financial will post 9.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UMBF shares. Wells Fargo & Company increased their price target on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Citigroup assumed coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. Morgan Stanley started coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Barclays upped their price target on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, UMB Financial has an average rating of “Moderate Buy” and an average target price of $124.00.

Insider Transactions at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction 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. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,303 shares of company stock valued at $5,879,967 over the last three months. 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.