UMB Financial (NASDAQ:UMBF) Hits New 1-Year High – Should You Buy?

UMB Financial Corporation (NASDAQ:UMBF)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $137.17 and last traded at $137.4780, with a volume of 15381 shares. The stock had previously closed at $135.37.

Wall Street Analyst Weigh In

UMBF has been the subject of several analyst reports. Weiss Ratings upgraded shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Truist Financial set a $140.00 price target on UMB Financial in a research note on Friday, May 1st. Royal Bank Of Canada raised their price target on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Morgan Stanley decreased their price target on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Finally, TD Cowen raised their price target on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, UMB Financial has an average rating of “Buy” and a consensus price target of $145.55.

UMB Financial Trading Up 0.8%

The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $127.12 and a two-hundred day simple moving average of $122.02. The firm has a market capitalization of $10.28 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 0.91 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The business had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.UMB Financial’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 EPS. On average, equities research analysts anticipate that UMB Financial Corporation will post 12.8 earnings per share for the current year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. UMB Financial’s payout ratio is currently 15.26%.

Insider Activity

In other news, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the sale, the director owned 12,223 shares in the company, valued at approximately $1,624,192.24. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President James D. Rine sold 8,246 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the sale, the president owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. This represents a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MBM Wealth Consultants LLC bought a new position in shares of UMB Financial in the 1st quarter worth $26,000. Kemnay Advisory Services Inc. bought a new position in shares of UMB Financial in the 4th quarter worth $27,000. Axiom Investment Management LLC bought a new position in shares of UMB Financial in the 1st quarter worth $28,000. Hilton Head Capital Partners LLC bought a new position in shares of UMB Financial during the 4th quarter worth approximately $34,000. Finally, Torren Management LLC bought a new position in shares of UMB Financial during the 4th quarter worth approximately $37,000. 87.78% of the stock is owned by institutional investors.

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.