UMB Financial Corporation (NASDAQ:UMBF) Receives $145.55 Consensus Price Target from Analysts

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been given a consensus rating of “Buy” by the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $145.5455.

UMBF has been the subject of a number of analyst reports. Truist Financial set a $140.00 price objective on shares of UMB Financial in a research report on Friday, May 1st. TD Cowen raised their price objective on shares of UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays raised their price objective on shares of UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Piper Sandler raised their price objective on shares of UMB Financial from $152.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Hovde Group raised their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th.

UMB Financial Price Performance

UMBF stock opened at $128.98 on Wednesday. The firm has a 50 day moving average of $118.38 and a 200-day moving average of $118.21. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a 12 month low of $98.16 and a 12 month high of $136.11. The firm has a market capitalization of $9.80 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.89 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The company had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. During the same period last year, the business earned $2.58 earnings per share. UMB Financial’s revenue was up 31.1% compared to the same quarter last year. As a group, sell-side analysts predict that UMB Financial will post 12.76 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial’s dividend payout ratio (DPR) is currently 15.26%.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of UMBF. MBM Wealth Consultants LLC purchased a new stake in UMB Financial in the first quarter valued at approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in UMB Financial in the fourth quarter valued at approximately $27,000. Farther Finance Advisors LLC raised its stake in UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in UMB Financial in the fourth quarter valued at approximately $34,000. Finally, Torren Management LLC purchased a new stake in UMB Financial in the fourth quarter valued at approximately $37,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

About UMB Financial

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.