UMB Financial Co. (NASDAQ:UMBF) Receives $122.00 Consensus Target Price from Analysts

Shares of UMB Financial Co. (NASDAQ:UMBF) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. Two 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. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $122.00.

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada began coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target on the stock. Barclays boosted their target price on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. Finally, Citigroup initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company.

Insider Activity

In related news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now owns 1,600,904 shares in the company, valued at $162,988,036.24. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Greg M. Graves bought 258 shares of the business’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $109.29 per share, with a total value of $28,196.82. Following the purchase, the director now owns 36,244 shares of the company’s stock, valued at $3,961,106.76. This represents a 0.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 55,303 shares of company stock worth $5,830,165. 8.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UMB Financial

A number of large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in UMB Financial during the third quarter valued at about $26,000. Covestor Ltd boosted its holdings in 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. Point72 Asset Management L.P. purchased a new stake in UMB Financial during the 3rd quarter valued at about $83,000. Acropolis Investment Management LLC bought a new position in UMB Financial during the 3rd quarter worth approximately $156,000. Finally, 1620 Investment Advisors Inc. purchased a new position in UMB Financial in the 2nd quarter worth approximately $128,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Down 0.4 %

Shares of UMBF stock opened at $125.49 on Wednesday. UMB Financial has a 12-month low of $71.04 and a 12-month 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 company has a 50 day moving average of $112.80 and a 200-day moving average of $98.97. The firm has a market cap of $6.12 billion, a P/E ratio of 15.69 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. The business had revenue of $716.44 million during 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 period last year, the business posted $2.02 earnings per share. Sell-side analysts anticipate that UMB Financial will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.28%. UMB Financial’s payout ratio is presently 19.50%.

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.