UMB Financial Co. (NASDAQ:UMBF) Receives $130.14 Consensus Target Price from Brokerages

Shares of UMB Financial Co. (NASDAQ:UMBF) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $130.14.

A number of analysts recently issued reports on UMBF shares. Piper Sandler raised their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Morgan Stanley started coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Barclays lifted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th.

Insider Buying and Selling at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On UMB Financial

A number of hedge funds have recently made changes to their positions in the business. Covestor Ltd increased its stake in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares during the period. USA Financial Formulas lifted its holdings in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after buying an additional 268 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial in the 3rd quarter worth $83,000. Venturi Wealth Management LLC acquired a new position in UMB Financial in the 4th quarter worth $96,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in UMB Financial in the 4th quarter worth $103,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Down 0.8 %

UMBF stock opened at $98.00 on Friday. The company’s 50 day simple moving average is $112.82 and its 200-day simple moving average is $112.53. The firm has a market capitalization of $7.11 billion, a PE ratio of 10.90 and a beta of 0.79. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the company earned $2.29 EPS. Equities analysts expect that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.63%. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

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.