UMB Financial (NASDAQ:UMBF) PT Raised to $114.00 at Barclays

UMB Financial (NASDAQ:UMBF) had its price target lifted by Barclays from $100.00 to $114.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

Other equities analysts also recently issued research reports about the company. Piper Sandler increased their price target on UMB Financial from $102.00 to $120.00 and gave the stock an overweight rating in a research report on Thursday. Wells Fargo & Company increased their price target on UMB Financial from $90.00 to $107.00 and gave the stock an equal weight rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised UMB Financial from a market perform rating to an outperform rating and increased their price target for the stock from $93.00 to $98.00 in a research report on Friday, May 31st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $102.33.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $93.53 on Thursday. The stock’s fifty day moving average is $86.40 and its two-hundred day moving average is $83.55. The company has a market capitalization of $4.56 billion, a PE ratio of 12.42 and a beta of 0.80. The company has a quick ratio of 0.75, a current ratio of 0.73 and a debt-to-equity ratio of 0.12. UMB Financial has a 52 week low of $57.91 and a 52 week high of $105.21.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, beating the consensus estimate of $2.01 by $0.15. The company had revenue of $390.03 million for 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 quarter in the prior year, the company posted $1.93 EPS. As a group, analysts expect that UMB Financial will post 8.98 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, September 10th. UMB Financial’s dividend payout ratio (DPR) is currently 20.72%.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 2,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $81.39, for a total transaction of $162,780.00. Following the completion of the sale, the chief executive officer now directly owns 1,698,104 shares in the company, valued at approximately $138,208,684.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 20,650 shares of company stock worth $1,723,425 in the last three months. 8.85% of the stock is owned by insiders.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its stake in UMB Financial by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,842,050 shares of the bank’s stock valued at $153,903,000 after buying an additional 23,689 shares during the last quarter. Victory Capital Management Inc. raised its stake in UMB Financial by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock valued at $166,875,000 after buying an additional 265,399 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in UMB Financial by 39.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 428,932 shares of the bank’s stock valued at $35,837,000 after buying an additional 121,100 shares during the last quarter. BNP Paribas Financial Markets raised its stake in UMB Financial by 35.0% in the first quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock valued at $2,132,000 after buying an additional 6,351 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in UMB Financial by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after buying an additional 394,578 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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.