UMB Financial (NASDAQ:UMBF) Price Target Raised to $156.00

UMB Financial (NASDAQ:UMBF) had its target price raised by Morgan Stanley from $154.00 to $156.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

Other analysts have also issued reports about the company. TD Cowen reissued a “buy” rating on shares of UMB Financial in a report on Thursday, January 29th. Piper Sandler lifted their price target on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Barclays reissued an “overweight” rating and issued a $160.00 price target on shares of UMB Financial in a report on Thursday, January 29th. Keefe, Bruyette & Woods increased their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Truist Financial set a $150.00 target price on shares of UMB Financial in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, UMB Financial currently has an average rating of “Buy” and an average price target of $141.18.

UMB Financial Stock Up 1.2%

UMBF opened at $119.19 on Monday. The company has a fifty day moving average of $123.50 and a two-hundred day moving average of $118.39. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.85 and a beta of 0.78. UMB Financial has a fifty-two week low of $82.00 and a fifty-two week high of $136.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The business had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million. During the same period in the prior year, the company posted $2.49 EPS. The company’s revenue for the quarter was up 66.0% on a year-over-year basis. On average, research analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be issued a $0.43 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. UMB Financial’s dividend payout ratio is presently 18.84%.

Insiders Place Their Bets

In related news, Director Greg M. Graves acquired 220 shares of UMB Financial stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the completion of the transaction, the director owned 39,541 shares in the company, valued at $5,054,526.03. This represents a 0.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Charles Gallagher sold 388 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the transaction, the director directly owned 12,488 shares in the company, valued at $1,614,698.40. This trade represents a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,469 shares of company stock valued at $4,218,998 in the last ninety days. 5.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new position in shares of UMB Financial during the 4th quarter valued at about $27,000. Farther Finance Advisors LLC grew its stake in shares of UMB Financial by 219.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after buying an additional 171 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of UMB Financial during the 4th quarter worth approximately $34,000. Torren Management LLC acquired a new stake in UMB Financial during the fourth quarter worth $37,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of UMB Financial by 193.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.