Brokerages Set UMB Financial Co. (NASDAQ:UMBF) Price Target at $88.00

UMB Financial Co. (NASDAQ:UMBF) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $88.00.

UMBF has been the subject of a number of research analyst reports. Raymond James raised their price target on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Barclays initiated coverage on UMB Financial in a research note on Friday, March 8th. They set an “equal weight” rating and a $91.00 target price on the stock. Piper Sandler boosted their price target on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Finally, Wells Fargo & Company upped their target price on UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, EVP John Pauls sold 1,440 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total transaction of $114,494.40. Following the completion of the transaction, the executive vice president now owns 8,496 shares of the company’s stock, valued at $675,516.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John Pauls sold 1,440 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total value of $114,494.40. Following the completion of the sale, the executive vice president now directly owns 8,496 shares in the company, valued at $675,516.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 11,170 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the sale, the chief executive officer now owns 1,738,604 shares of the company’s stock, valued at $148,268,149.12. The disclosure for this sale can be found here. Insiders sold 27,277 shares of company stock valued at $2,264,661 over the last quarter. 8.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in UMB Financial by 2.7% in the second quarter. BlackRock Inc. now owns 5,781,271 shares of the bank’s stock worth $352,079,000 after acquiring an additional 149,596 shares during the period. State Street Corp grew its position in UMB Financial by 13.2% in the second quarter. State Street Corp now owns 4,659,547 shares of the bank’s stock worth $285,529,000 after acquiring an additional 545,025 shares during the period. Vanguard Group Inc. grew its position in UMB Financial by 4.2% in the third quarter. Vanguard Group Inc. now owns 4,356,268 shares of the bank’s stock worth $367,190,000 after acquiring an additional 174,204 shares during the period. Goldman Sachs Group Inc. grew its position in UMB Financial by 646.3% in the second quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank’s stock worth $158,131,000 after acquiring an additional 2,248,655 shares during the period. Finally, Wellington Management Group LLP grew its position in UMB Financial by 73.5% in the third quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock worth $160,505,000 after acquiring an additional 1,095,630 shares during the period. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

NASDAQ UMBF opened at $80.20 on Tuesday. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 11.17 and a beta of 0.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $81.66 and a 200-day moving average price of $76.56. UMB Financial has a twelve month low of $50.68 and a twelve month high of $87.36.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.53. The business had revenue of $370.80 million during the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company earned $2.06 EPS. As a group, equities research analysts predict that UMB Financial will post 7.29 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.56 dividend on an annualized basis and a yield of 1.95%. UMB Financial’s payout ratio is 21.73%.

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.