UMB Financial (NASDAQ:UMBF) Upgraded to Overweight by Barclays

Barclays upgraded shares of UMB Financial (NASDAQ:UMBF) from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. Barclays currently has $95.00 target price on the bank’s stock, up from their previous target price of $91.00.

UMBF has been the topic of several other research reports. StockNews.com upgraded shares of UMB Financial from a sell rating to a hold rating in a research report on Saturday, March 16th. Raymond James lifted their target price on shares of UMB Financial from $80.00 to $102.00 and gave the company a strong-buy rating in a research report on Thursday, February 1st. Piper Sandler lifted their target price on shares of UMB Financial from $87.50 to $99.00 and gave the company an overweight rating in a research report on Thursday, February 1st. Finally, Wells Fargo & Company lifted their target price on shares of UMB Financial from $85.00 to $88.00 and gave the company an equal weight rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, UMB Financial presently has a consensus rating of Moderate Buy and an average price target of $92.00.

UMB Financial Stock Up 2.5 %

UMBF stock opened at $79.66 on Tuesday. The firm has a market cap of $3.88 billion, a PE ratio of 11.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s fifty day moving average is $81.82 and its 200 day moving average is $77.95. UMB Financial has a one year low of $50.68 and a one year high of $87.36.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating the consensus estimate of $1.76 by $0.53. The company had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $2.06 earnings per share. On average, research analysts forecast that UMB Financial will post 7.41 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, June 10th. UMB Financial’s dividend payout ratio (DPR) is currently 21.73%.

Insiders Place Their Bets

In related news, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $83.10, for a total value of $290,850.00. Following the completion of the sale, the chief executive officer now owns 252,114 shares of the company’s stock, valued at $20,950,673.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $83.10, for a total transaction of $290,850.00. Following the completion of the sale, the chief executive officer now owns 252,114 shares of the company’s stock, valued at $20,950,673.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 625 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $80.21, for a total value of $50,131.25. Following the transaction, the director now owns 12,859 shares of the company’s stock, valued at $1,031,420.39. The disclosure for this sale can be found here. Insiders sold 27,277 shares of company stock valued at $2,264,661 in the last three months. 8.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UMB Financial

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of UMB Financial by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 931,648 shares of the bank’s stock worth $57,809,000 after buying an additional 47,349 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in UMB Financial by 12.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,283 shares of the bank’s stock worth $576,000 after purchasing an additional 1,034 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in UMB Financial by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,818,361 shares of the bank’s stock valued at $112,829,000 after purchasing an additional 4,617 shares in the last quarter. AlphaMark Advisors LLC purchased a new position in shares of UMB Financial in the 3rd quarter valued at about $234,000. Finally, WealthPlan Investment Management LLC raised its holdings in UMB Financial by 55,857.6% in the third quarter. WealthPlan Investment Management LLC now owns 77,781 shares of the bank’s stock valued at $4,826,000 after acquiring an additional 77,642 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

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.