UMB Financial Co. (NASDAQ:UMBF) Receives $130.14 Consensus Price Target from Analysts

UMB Financial Co. (NASDAQ:UMBF) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $130.14.

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Citigroup reaffirmed a “neutral” rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Piper Sandler increased their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Morgan Stanley started coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the sale, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now owns 5,828 shares of the company’s stock, valued at $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,681 shares of company stock valued at $3,201,798 in the last quarter. 8.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC increased its position in UMB Financial by 767.4% during the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock worth $2,236,000 after purchasing an additional 18,817 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of UMB Financial by 51.2% during the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock worth $3,041,000 after buying an additional 9,803 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of UMB Financial by 229.6% in the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after buying an additional 32,820 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of UMB Financial by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Down 0.6 %

Shares of NASDAQ:UMBF opened at $111.86 on Monday. UMB Financial has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $5.46 billion, a P/E ratio of 12.44 and a beta of 0.82. The firm has a fifty day moving average price of $116.56 and a 200 day moving average price of $111.19.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter last year, the company earned $2.29 EPS. Sell-side analysts predict that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.43%. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

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.