UMB Financial Co. (NASDAQ:UMBF) Receives $88.00 Average Price Target from Analysts

Shares of UMB Financial Co. (NASDAQ:UMBF) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $88.00.

UMBF has been the subject of a number of research reports. Piper Sandler increased their target price on UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Raymond James raised their price target on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Wells Fargo & Company increased their price objective on UMB Financial from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Finally, Barclays began coverage on UMB Financial in a report on Friday, March 8th. They set an “equal weight” rating and a $91.00 price target for the company.

UMB Financial Stock Performance

UMB Financial stock opened at $80.20 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. UMB Financial has a 1 year low of $50.68 and a 1 year high of $87.36. The company has a market cap of $3.91 billion, a PE ratio of 11.17 and a beta of 0.83. The company’s 50-day moving average is $81.66 and its two-hundred day moving average is $76.56.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.53. The company had revenue of $370.80 million during the quarter, compared to analysts’ expectations of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. UMB Financial’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 EPS. Equities analysts anticipate that UMB Financial will post 7.29 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, March 8th. UMB Financial’s dividend payout ratio is currently 21.73%.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $83.10, for a total value of $290,850.00. Following the transaction, the chief executive officer now owns 252,114 shares in the company, valued at $20,950,673.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $83.10, for a total value of $290,850.00. Following the transaction, the chief executive officer now owns 252,114 shares in the company, valued at $20,950,673.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the sale, the insider now directly owns 15,217 shares in the company, valued at $1,228,011.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,277 shares of company stock worth $2,264,661. Company insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in UMB Financial by 6.2% in the second quarter. Franklin Resources Inc. now owns 2,334 shares of the bank’s stock valued at $201,000 after buying an additional 137 shares during the period. US Bancorp DE lifted its position in shares of UMB Financial by 1.4% during the 4th quarter. US Bancorp DE now owns 12,358 shares of the bank’s stock valued at $1,033,000 after buying an additional 169 shares during the last quarter. Arizona State Retirement System lifted its position in shares of UMB Financial by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,121 shares of the bank’s stock valued at $814,000 after buying an additional 178 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of UMB Financial by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 54,704 shares of the bank’s stock valued at $4,571,000 after buying an additional 180 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in UMB Financial by 5.1% during the 4th quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank’s stock worth $331,000 after purchasing an additional 194 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Company Profile

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.