UMB Financial Co. (NASDAQ:UMBF) Receives $124.00 Average PT from Analysts

UMB Financial Co. (NASDAQ:UMBF) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Two 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. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $124.00.

A number of research firms have recently commented on UMBF. Morgan Stanley assumed 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. Citigroup initiated coverage on UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Wells Fargo & Company upped 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. Finally, Barclays raised their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Greg M. Graves bought 258 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the completion of the transaction, the director now directly owns 36,244 shares in the company, valued at approximately $3,961,106.76. This represents a 0.72 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 50,303 shares of company stock valued at $5,879,967 over the last ninety days. Corporate insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its holdings in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the period. Heritage Family Offices LLP boosted its position in UMB Financial by 6.5% during the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock worth $232,000 after purchasing an additional 125 shares in the last quarter. Truist Financial Corp grew its holdings in UMB Financial by 3.3% in the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock valued at $354,000 after purchasing an additional 136 shares during the last quarter. Commerce Bank increased its position in shares of UMB Financial by 0.3% in the third quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after buying an additional 142 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake 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 worth $410,000 after buying an additional 186 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

Shares of UMBF opened at $119.58 on Thursday. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 14.95 and a beta of 0.82. 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. The stock has a 50 day moving average price of $119.27 and a 200 day moving average price of $107.98.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter in the prior year, the business posted $2.02 EPS. Research analysts predict that UMB Financial will post 9.23 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a $0.40 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. UMB Financial’s payout ratio is presently 20.00%.

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.