Analysts Set UMB Financial Co. (NASDAQ:UMBF) Price Target at $124.00

UMB Financial Co. (NASDAQ:UMBF) has received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $124.00.

A number of analysts have recently issued reports on UMBF shares. Barclays increased their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Citigroup started coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. Royal Bank of Canada started coverage on shares of UMB Financial in a research report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $120.55 on Thursday. UMB Financial has a twelve month low of $76.00 and a twelve month high of $129.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 15.07 and a beta of 0.82. The firm has a 50-day moving average of $119.17 and a two-hundred day moving average of $108.26.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same period in the prior year, the firm earned $2.02 earnings per share. As a group, analysts expect that UMB Financial will post 9.23 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio (DPR) is 20.00%.

Insider Activity

In other news, Director Greg M. Graves bought 258 shares of UMB Financial stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $109.29 per share, with a total value of $28,196.82. Following the completion of the transaction, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $108.83, for a total value of $2,644,569.00. Following the completion of the transaction, the chief executive officer now directly owns 1,576,604 shares of the company’s stock, valued at approximately $171,581,813.32. This trade represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,303 shares of company stock valued at $5,879,967. 8.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of UMB Financial during the third quarter valued at $26,000. Covestor Ltd lifted its holdings 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 acquiring an additional 102 shares during the period. USA Financial Formulas lifted its holdings in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the period. Point72 Asset Management L.P. bought a new position in shares of UMB Financial during the third quarter valued at $83,000. Finally, Acropolis Investment Management LLC bought a new position in shares of UMB Financial during the third quarter valued at $156,000. 87.78% of the stock is owned by institutional investors.

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.