UMB Financial (NASDAQ:UMBF) Sets New 52-Week High at $105.78

UMB Financial Co. (NASDAQ:UMBF)’s share price reached a new 52-week high on Monday . The stock traded as high as $105.78 and last traded at $105.78, with a volume of 66949 shares. The stock had previously closed at $105.12.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several recent analyst reports. Barclays boosted their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Piper Sandler upped their price target on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods upgraded shares of UMB Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $93.00 to $98.00 in a research note on Friday, May 31st. Finally, Wells Fargo & Company upped their price target on shares of UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.33.

UMB Financial Stock Performance

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. The company’s 50-day simple moving average is $97.05 and its 200-day simple moving average is $87.32. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 13.96 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.15. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The company had revenue of $390.03 million during the quarter, compared to analysts’ expectations of $384.96 million. During the same period in the prior year, the company posted $1.93 earnings per share. UMB Financial’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts expect that UMB Financial Co. will post 8.98 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, September 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 10,115 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $93.00, for a total transaction of $940,695.00. Following the completion of the sale, the chief executive officer now directly owns 257,796 shares in the company, valued at $23,975,028. The transaction was disclosed in a filing with the SEC, which is available at this link. In other UMB Financial news, CEO J Mariner Kemper sold 10,115 shares of UMB Financial stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $93.00, for a total value of $940,695.00. Following the completion of the sale, the chief executive officer now directly owns 257,796 shares of the company’s stock, valued at $23,975,028. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tamara Peterman purchased 396 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of $99.56 per share, with a total value of $39,425.76. Following the completion of the purchase, the director now owns 7,407 shares of the company’s stock, valued at approximately $737,440.92. The disclosure for this purchase can be found here. Insiders sold a total of 34,846 shares of company stock worth $3,135,439 over the last three months. 8.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UMBF. Assetmark Inc. purchased a new position in UMB Financial during the fourth quarter worth about $28,000. 1620 Investment Advisors Inc. purchased a new position in UMB Financial in the second quarter valued at about $128,000. CWM LLC boosted its stake in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after acquiring an additional 129 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in UMB Financial by 42.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock valued at $229,000 after acquiring an additional 819 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in UMB Financial in the first quarter valued at about $252,000. 87.78% of the stock is currently 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.