UMB Financial Corporation (NASDAQ:UMBF) Receives $138.18 Consensus PT from Brokerages

UMB Financial Corporation (NASDAQ:UMBF) has earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $138.1818.

A number of brokerages have recently commented on UMBF. Weiss Ratings raised UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Keefe, Bruyette & Woods upped their price target on UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Barclays reissued an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a report on Thursday, January 29th. Morgan Stanley dropped their price objective on UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, Truist Financial dropped their price objective on UMB Financial from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, March 23rd.

UMB Financial Stock Up 0.2%

Shares of NASDAQ UMBF opened at $120.46 on Friday. UMB Financial has a one year low of $86.31 and a one year high of $136.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The business’s fifty day moving average price is $119.05 and its 200-day moving average price is $116.92. The stock has a market capitalization of $9.17 billion, a PE ratio of 13.19, a P/E/G ratio of 0.98 and a beta of 0.75.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The firm had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. During the same quarter in the prior year, the firm earned $2.49 EPS. The business’s revenue for the quarter was up 66.0% compared to the same quarter last year. On average, equities research analysts anticipate that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was 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 18.84%.

Insider Buying and Selling

In related news, Director Greg M. Graves acquired 220 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average price of $127.83 per share, with a total value of $28,122.60. Following the acquisition, the director owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. This trade represents a 0.56% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO J Mariner Kemper sold 15,214 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $128.59, for a total value of $1,956,368.26. Following the sale, the chief executive officer directly owned 1,506,200 shares in the company, valued at $193,682,258. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 19,102 shares of company stock valued at $2,458,247. Corporate insiders own 5.33% of the company’s stock.

Institutional Trading of UMB Financial

Institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in UMB Financial by 636.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after acquiring an additional 1,286,543 shares during the last quarter. Wellington Management Group LLP increased its stake in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after acquiring an additional 751,525 shares during the last quarter. Norges Bank bought a new position in UMB Financial in the 4th quarter worth about $85,885,000. UMB Bank n.a. increased its stake in UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after acquiring an additional 493,875 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in UMB Financial by 1,148.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock worth $48,554,000 after acquiring an additional 388,253 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.