UMB Financial (NASDAQ:UMBF) Price Target Raised to $143.00 at Piper Sandler

UMB Financial (NASDAQ:UMBF) had its target price upped by Piper Sandler from $142.00 to $143.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the bank’s stock.

Several other analysts have also recently weighed in on the stock. Morgan Stanley assumed coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. Citigroup initiated coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. Royal Bank of Canada started coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target for the company. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays lifted their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.63.

UMB Financial Stock Down 1.8 %

Shares of UMBF opened at $120.30 on Thursday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.38 and a beta of 0.82. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average of $119.10 and a 200-day moving average of $109.58.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.90% and a net margin of 15.76%. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, sell-side analysts anticipate that UMB Financial will post 9.4 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio is 17.80%.

Insider Activity

In other news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated 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 in the company, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the sale, the insider now owns 5,828 shares in the company, valued at $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

Large investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in UMB Financial during the 3rd quarter worth about $26,000. Covestor Ltd raised its position 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 buying an additional 102 shares in the last quarter. USA Financial Formulas boosted its stake in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after buying an additional 268 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of UMB Financial during the 3rd quarter valued at about $83,000. Finally, R Squared Ltd purchased a new stake in UMB Financial in the fourth quarter valued at approximately $117,000. 87.78% of the stock is owned by institutional investors.

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.