UMB Financial Co. (NASDAQ:UMBF) Receives $93.67 Average PT from Brokerages

UMB Financial Co. (NASDAQ:UMBF) has earned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $93.67.

Several equities research analysts have commented on UMBF shares. Barclays boosted their target price on shares of UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, June 24th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Wells Fargo & Company lifted their price target on UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $93.00 to $98.00 in a research note on Friday, May 31st.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 2,302 shares of UMB Financial stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.72, for a total value of $185,817.44. Following the completion of the sale, the chief executive officer now owns 1,722,404 shares in the company, valued at approximately $139,032,450.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 14,852 shares of company stock valued at $1,228,842. 8.85% of the stock is owned by insiders.

Institutional Trading of UMB Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UMBF. Allspring Global Investments Holdings LLC grew its holdings in shares of UMB Financial by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,842,050 shares of the bank’s stock worth $153,903,000 after purchasing an additional 23,689 shares during the period. Victory Capital Management Inc. grew its holdings in shares of UMB Financial by 15.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock worth $166,875,000 after purchasing an additional 265,399 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of UMB Financial by 39.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 428,932 shares of the bank’s stock worth $35,837,000 after purchasing an additional 121,100 shares during the period. Wellington Management Group LLP grew its holdings in shares of UMB Financial by 73.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock worth $160,505,000 after purchasing an additional 1,095,630 shares during the period. Finally, UBS Group AG grew its holdings in shares of UMB Financial by 198.1% during the 3rd quarter. UBS Group AG now owns 60,911 shares of the bank’s stock worth $3,780,000 after purchasing an additional 40,479 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $82.46 on Friday. The firm’s fifty day moving average price is $81.95 and its 200 day moving average price is $81.84. UMB Financial has a 1-year low of $57.84 and a 1-year high of $87.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 10.95 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Monday, April 29th. The bank reported $2.47 EPS for the quarter, topping the consensus estimate of $1.85 by $0.62. The company had revenue of $405.19 million for the quarter, compared to analyst estimates of $369.80 million. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. On average, sell-side analysts expect that UMB Financial will post 8.41 EPS for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, June 10th. UMB Financial’s payout ratio is 20.72%.

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.