UMB Financial Co. (NASDAQ:UMBF) Receives $102.33 Consensus PT from Brokerages

Shares of UMB Financial Co. (NASDAQ:UMBF) have received an average rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $105.86.

A number of analysts have commented on the stock. Barclays upped their price target on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research report 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 report on Thursday, August 1st. Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday. They set a “buy” rating and a $127.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st.

UMB Financial Stock Performance

NASDAQ UMBF opened at $108.99 on Tuesday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 14.06 and a beta of 0.78. UMB Financial has a twelve month low of $58.92 and a twelve month high of $109.96. The stock has a fifty day simple moving average of $101.33 and a 200 day simple moving average of $90.51. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.12.

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, beating analysts’ consensus estimates of $2.01 by $0.15. The business had revenue of $390.03 million during the quarter, compared to the consensus estimate of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. UMB Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 earnings per share. Sell-side analysts expect that UMB Financial will post 8.98 EPS for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.56 annualized dividend and a yield of 1.43%. UMB Financial’s dividend payout ratio (DPR) is 20.13%.

Insider Transactions at UMB Financial

In related news, EVP Amy Harris sold 736 shares of UMB Financial stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $95.05, for a total value of $69,956.80. Following the completion of the transaction, the executive vice president now directly owns 2,899 shares in the company, valued at approximately $275,549.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other UMB Financial news, CEO J Mariner Kemper sold 10,115 shares of the firm’s 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 transaction, the chief executive officer now directly owns 257,796 shares of the company’s stock, valued at $23,975,028. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Harris sold 736 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $95.05, for a total transaction of $69,956.80. Following the completion of the transaction, the executive vice president now directly owns 2,899 shares of the company’s stock, valued at approximately $275,549.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,596 shares of company stock worth $4,224,884 in the last quarter. Insiders own 8.85% of the company’s stock.

Institutional Trading of UMB Financial

Hedge funds have recently made changes to their positions in the stock. 1620 Investment Advisors Inc. bought a new stake in shares of UMB Financial during the 2nd quarter worth $128,000. CWM LLC lifted its holdings in shares of UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after acquiring an additional 129 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of UMB Financial by 69.5% during the 3rd quarter. SG Americas Securities LLC now owns 2,478 shares of the bank’s stock worth $260,000 after acquiring an additional 1,016 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of UMB Financial during the 1st quarter worth $252,000. Finally, O Shaughnessy Asset Management LLC raised its position in UMB Financial by 30.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank’s stock worth $300,000 after purchasing an additional 809 shares during the period. 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.