Analysts Set UMB Financial Co. (NASDAQ:UMBF) Price Target at $122.00

Shares of UMB Financial Co. (NASDAQ:UMBF) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $122.00.

Several analysts recently weighed in on the stock. Citigroup assumed coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Morgan Stanley began coverage on shares of UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Wells Fargo & Company lifted their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada started coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock.

UMB Financial Stock Down 0.4 %

NASDAQ UMBF opened at $125.49 on Wednesday. UMB Financial has a 1 year low of $71.04 and a 1 year high of $129.94. The stock has a market capitalization of $6.12 billion, a PE ratio of 15.69 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The business’s 50-day moving average is $112.80 and its 200 day moving average is $98.97.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter last year, the business posted $2.02 EPS. Sell-side analysts forecast that UMB Financial will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, December 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio is 19.50%.

Insider Activity

In other news, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the transaction, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg M. Graves purchased 258 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now owns 36,244 shares in the company, valued at $3,961,106.76. This represents a 0.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 55,303 shares of company stock worth $5,830,165. Insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of UMB Financial in the 3rd quarter worth $26,000. Covestor Ltd boosted its position in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in UMB Financial in the 3rd quarter worth about $83,000. Acropolis Investment Management LLC purchased a new position in UMB Financial in the 3rd quarter worth about $156,000. Finally, 1620 Investment Advisors Inc. bought a new position in UMB Financial during the 2nd quarter valued at about $128,000. Institutional investors own 87.78% of the company’s stock.

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.