UMB Financial Corporation (NASDAQ:UMBF) Receives $138.00 Consensus Price Target from Analysts

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $138.00.

UMBF has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of UMB Financial in a research note on Wednesday, October 8th. Barclays set a $155.00 price target on shares of UMB Financial and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Piper Sandler upped their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Cowen started coverage on shares of UMB Financial in a research note on Wednesday, September 24th. They issued a “buy” rating on the stock. Finally, Raymond James Financial boosted their target price on shares of UMB Financial from $135.00 to $138.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 31st.

UMB Financial Trading Up 3.2%

UMBF opened at $112.36 on Friday. The company has a fifty day moving average price of $118.95 and a two-hundred day moving average price of $108.34. UMB Financial has a 1-year low of $82.00 and a 1-year high of $129.94. The company has a market cap of $8.53 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.11 and a beta of 0.73. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, beating the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The company had revenue of $689.21 million during the quarter, compared to the consensus estimate of $638.25 million. During the same period last year, the business posted $2.16 EPS. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. Analysts predict that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 10th. UMB Financial’s payout ratio is currently 18.39%.

Insider Buying and Selling

In other UMB Financial news, insider Stacy H. King sold 1,500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $118.88, for a total transaction of $178,320.00. Following the transaction, the insider directly owned 9,472 shares in the company, valued at approximately $1,126,031.36. This trade represents a 13.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 15,523 shares of UMB Financial stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $116.33, for a total transaction of $1,805,790.59. Following the transaction, the chief executive officer directly owned 1,536,781 shares in the company, valued at $178,773,733.73. This represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 678 shares of company stock valued at $75,948 and have sold 20,845 shares valued at $2,440,666. Company insiders own 5.45% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of UMB Financial by 21.1% in the 1st quarter. Bank of New York Mellon Corp now owns 546,483 shares of the bank’s stock worth $55,249,000 after buying an additional 95,339 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in UMB Financial by 27.4% in the first quarter. OneDigital Investment Advisors LLC now owns 2,367 shares of the bank’s stock worth $239,000 after purchasing an additional 509 shares during the last quarter. Teacher Retirement System of Texas grew its stake in UMB Financial by 96.3% in the 1st quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank’s stock valued at $1,590,000 after purchasing an additional 7,715 shares during the period. New York State Teachers Retirement System raised its stake in shares of UMB Financial by 2.8% during the 1st quarter. New York State Teachers Retirement System now owns 60,376 shares of the bank’s stock worth $6,104,000 after purchasing an additional 1,664 shares during the period. Finally, M&T Bank Corp purchased a new position in shares of UMB Financial in the 1st quarter worth about $237,000. 87.78% of the stock is owned by institutional investors.

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.