UMB Financial Corporation (NASDAQ:UMBF) Stock Has Average Price Target of $165.00 According to Analysts

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $163.86.

Several equities research analysts have recently issued reports on UMBF shares. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Piper Sandler restated an “overweight” rating and issued a $181.00 price objective (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Stephens started coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price objective on the stock. Royal Bank Of Canada reduced their target price on shares of UMB Financial from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $130.30 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial has a 1 year low of $68.92 and a 1 year high of $144.36. The business has a fifty day simple moving average of $140.22 and a 200 day simple moving average of $134.22. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 0.61 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%. The firm had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the previous year, the company posted $2.96 earnings per share. As a group, sell-side analysts predict that UMB Financial will post 13.53 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, September 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is presently 16.65%.

Insider Transactions at UMB Financial

In related news, Director Greg Graves purchased 573 shares of UMB Financial stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $139.60 per share, with a total value of $79,990.80. Following the completion of the transaction, the director directly owned 40,463 shares of the company’s stock, valued at approximately $5,648,634.80. This represents a 1.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikki Farentino Newton sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total value of $297,200.00. Following the sale, the insider owned 11,981 shares of the company’s stock, valued at approximately $1,780,376.60. This trade represents a 14.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 25,544 shares of company stock valued at $3,775,862 in the last three months. 5.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UMB Financial

Large investors have recently added to or reduced their stakes in the stock. Friday Financial grew its holdings in UMB Financial by 0.3% during the third quarter. Friday Financial now owns 27,532 shares of the bank’s stock valued at $3,573,000 after purchasing an additional 87 shares during the last quarter. GK Wealth Management LLC acquired a new stake in shares of UMB Financial in the third quarter worth $79,000. GAMMA Investing LLC boosted its holdings in shares of UMB Financial by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,067 shares of the bank’s stock worth $269,000 after buying an additional 284 shares during the period. Farther Finance Advisors LLC grew its stake in UMB Financial by 1.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,703 shares of the bank’s stock valued at $1,782,000 after buying an additional 163 shares during the last quarter. Finally, Artemis Investment Management LLP grew its stake in UMB Financial by 33.1% in the 3rd quarter. Artemis Investment Management LLP now owns 14,161 shares of the bank’s stock valued at $1,841,000 after buying an additional 3,525 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

About UMB Financial

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to businesses, institutions, governments and individuals. The company traces its history to 1913 and has developed a regional banking franchise with additional capabilities serving customers nationwide.

UMB’s business activities include commercial and personal banking, treasury management, lending, deposit services and payment solutions.