UMB Financial (NASDAQ:UMBF) Sets New 12-Month High at $99.78

UMB Financial Co. (NASDAQ:UMBF)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $99.78 and last traded at $99.37, with a volume of 179045 shares traded. The stock had previously closed at $98.03.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $93.00 to $98.00 in a research report on Friday, May 31st. Finally, Barclays raised their price target on UMB Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.67.

UMB Financial Stock Performance

The stock’s fifty day simple moving average is $85.25 and its 200-day simple moving average is $83.01. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.80 billion, a PE ratio of 13.18 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Monday, April 29th. The bank reported $2.47 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.62. The firm had revenue of $405.19 million during the quarter, compared to the consensus estimate of $369.80 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. On average, research analysts predict that UMB Financial Co. will post 8.41 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO J Mariner Kemper sold 2,302 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.72, for a total value of $185,817.44. Following the sale, the chief executive officer now directly owns 1,722,404 shares in the company, valued at approximately $139,032,450.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 22,952 shares of company stock worth $1,909,242 over the last 90 days. 8.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Assetmark Inc. acquired a new position in shares of UMB Financial in the fourth quarter worth $28,000. 1620 Investment Advisors Inc. acquired a new position in UMB Financial in the 2nd quarter valued at about $128,000. CWM LLC lifted its holdings in UMB Financial by 7.1% in the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after purchasing an additional 129 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of UMB Financial during the 4th quarter worth about $228,000. Finally, Quadrant Capital Group LLC raised its position in shares of 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 buying an additional 819 shares during the last quarter. 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.