UMB Financial (NASDAQ:UMBF) Sets New 12-Month High at $86.35

UMB Financial Co. (NASDAQ:UMBF)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $86.35 and last traded at $86.30, with a volume of 41537 shares traded. The stock had previously closed at $85.61.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UMBF. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Barclays began coverage on UMB Financial in a research note on Friday, March 8th. They set an “equal weight” rating and a $91.00 price target for the company. Raymond James lifted their price target on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Finally, Piper Sandler boosted their price target on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.17.

UMB Financial Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $4.24 billion, a PE ratio of 11.92 and a beta of 0.82. The business’s 50 day simple moving average is $81.31 and its two-hundred day simple moving average is $74.37.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The business had revenue of $370.80 million during the quarter, compared to analyst estimates of $360.69 million. During the same quarter in the prior year, the business posted $2.06 EPS. UMB Financial’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts expect that UMB Financial Co. will post 7.29 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, March 8th. UMB Financial’s dividend payout ratio (DPR) is presently 21.73%.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 7,920 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $80.37, for a total transaction of $636,530.40. Following the transaction, the chief executive officer now directly owns 1,771,004 shares of the company’s stock, valued at $142,335,591.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO J Mariner Kemper sold 7,920 shares of UMB Financial stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $80.37, for a total transaction of $636,530.40. Following the transaction, the chief executive officer now directly owns 1,771,004 shares of the company’s stock, valued at $142,335,591.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total transaction of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares in the company, valued at $1,228,011.90. The disclosure for this sale can be found here. Insiders have sold 14,667 shares of company stock valued at $1,187,393 in the last ninety days. 8.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in UMB Financial by 2.7% in the 2nd quarter. BlackRock Inc. now owns 5,781,271 shares of the bank’s stock valued at $352,079,000 after purchasing an additional 149,596 shares during the last quarter. State Street Corp grew its position in shares of UMB Financial by 13.2% in the 2nd quarter. State Street Corp now owns 4,659,547 shares of the bank’s stock valued at $285,529,000 after buying an additional 545,025 shares during the last quarter. Vanguard Group Inc. grew its position in shares of UMB Financial by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,356,268 shares of the bank’s stock valued at $367,190,000 after buying an additional 174,204 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of UMB Financial by 646.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank’s stock worth $158,131,000 after acquiring an additional 2,248,655 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of UMB Financial by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock worth $160,505,000 after acquiring an additional 1,095,630 shares during the period. 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.