UMB Financial Co. (NASDAQ:UMBF) Receives $128.71 Consensus PT from Brokerages

Shares of UMB Financial Co. (NASDAQ:UMBF) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $128.71.

A number of research analysts recently weighed in on the company. Piper Sandler lifted their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Thursday. Citigroup reaffirmed a “neutral” rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Finally, Morgan Stanley lowered their target price on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is owned by company insiders.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after buying an additional 694,751 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of UMB Financial during the third quarter worth about $48,531,000. Freestone Grove Partners LP acquired a new stake in shares of UMB Financial in the 4th quarter worth about $48,235,000. Systematic Financial Management LP lifted its position in UMB Financial by 438.8% in the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock valued at $33,693,000 after purchasing an additional 261,055 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in UMB Financial by 298.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank’s stock valued at $34,051,000 after purchasing an additional 225,908 shares during the period. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Down 4.4 %

UMBF opened at $86.88 on Tuesday. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The business has a 50-day moving average of $107.40 and a two-hundred day moving average of $112.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 9.66 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period last year, the firm posted $2.29 EPS. On average, research analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. UMB Financial’s dividend payout ratio (DPR) is 17.80%.

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.