UMB Financial (NASDAQ:UMBF – Free Report) had its price target upped by Piper Sandler from $142.00 to $143.00 in a research note issued to investors on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the bank’s stock.
A number of other equities analysts have also issued reports on the company. Wells Fargo & Company raised their price target on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada assumed coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 target price on the stock. Barclays raised their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Citigroup started coverage on UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price on the stock. Finally, Morgan Stanley assumed coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.
View Our Latest Stock Report on UMB Financial
UMB Financial Trading Down 2.0 %
UMB Financial (NASDAQ:UMBF – Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.90%. During the same quarter in the previous year, the company posted $2.29 earnings per share. Equities research analysts predict that UMB Financial will post 9.4 EPS for the current fiscal year.
UMB Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. UMB Financial’s dividend payout ratio (DPR) is 17.80%.
Insider Buying and Selling at UMB Financial
In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On UMB Financial
Several institutional investors have recently made changes to their positions in UMBF. Truist Financial Corp grew its stake in UMB Financial by 0.4% during the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock worth $2,208,000 after buying an additional 83 shares during the last quarter. Covestor Ltd grew its stake in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares in the last quarter. Heritage Family Offices LLP increased its holdings in shares of UMB Financial by 6.5% during the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after purchasing an additional 125 shares during the period. Commerce Bank raised its stake in shares of UMB Financial by 0.3% during the third quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after purchasing an additional 142 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in UMB Financial by 5.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock worth $410,000 after purchasing an additional 186 shares during the period. 87.78% of the stock is owned by institutional investors.
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.
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