Analysts Set UMB Financial Corporation (NASDAQ:UMBF) PT at $152.17

UMB Financial Corporation (NASDAQ:UMBF) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $152.1667.

UMBF has been the topic of several analyst reports. Citigroup lifted their price objective on UMB Financial from $138.00 to $144.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Royal Bank Of Canada increased their target price on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. TD Cowen raised their price target on shares of UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Barclays lifted their price target on shares of UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company upped their price target on shares of UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, July 6th.

UMB Financial Stock Up 1.5%

Shares of UMB Financial stock opened at $141.20 on Monday. The business has a 50-day moving average of $137.14 and a 200-day moving average of $126.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $10.73 billion, a PE ratio of 12.53, a P/E/G ratio of 0.77 and a beta of 0.77. UMB Financial has a 1-year low of $103.38 and a 1-year high of $148.31.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping the consensus estimate of $2.82 by $0.59. The business had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.58 earnings per share. As a group, equities analysts forecast that UMB Financial will post 12.85 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th were given a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. UMB Financial’s payout ratio is presently 15.26%.

Insider Activity

In other UMB Financial news, President James D. Rine sold 8,246 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the sale, the president owned 61,446 shares in the company, valued at $8,147,125.14. This represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kevin Charles Gallagher sold 381 shares of UMB Financial stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the transaction, the director owned 12,223 shares of the company’s stock, valued at approximately $1,624,192.24. The trade was a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.33% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several large investors have recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new stake in shares of UMB Financial in the 1st quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new position in UMB Financial during the 4th quarter valued at about $27,000. Axiom Investment Management LLC bought a new position in UMB Financial in the 1st quarter worth about $28,000. Hilton Head Capital Partners LLC bought a new position in UMB Financial in the 4th quarter worth about $34,000. Finally, Torren Management LLC acquired a new stake in shares of UMB Financial in the fourth quarter valued at approximately $37,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.