UMB Financial Corporation (NASDAQ:UMBF) Receives $163.75 Average Price Target from Analysts

UMB Financial Corporation (NASDAQ:UMBF) has been given an average rating of “Moderate Buy” by the fourteen research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $163.75.

UMBF has been the subject of a number of recent research reports. TD Cowen reaffirmed a “buy” rating and set a $166.00 price objective (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Hovde Group boosted their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th. Stephens began coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price objective for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th.

Insider Transactions at UMB Financial

In related news, insider Robert Brian Beaird sold 1,600 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $144.40, for a total transaction of $231,040.00. Following the transaction, the insider directly owned 8,943 shares in the company, valued at approximately $1,291,369.20. This represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan G. Murphy sold 1,377 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the completion of the sale, the director directly owned 10,635 shares in the company, valued at approximately $1,547,924.25. The trade was a 11.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 34,171 shares of company stock valued at $4,919,826. Corporate insiders own 5.33% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several institutional investors and hedge funds have recently bought and sold shares of UMBF. Hsbc Holdings PLC lifted its position in UMB Financial by 290.2% during the first quarter. Hsbc Holdings PLC now owns 13,355 shares of the bank’s stock valued at $1,506,000 after buying an additional 9,932 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in shares of UMB Financial by 40.8% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 38,261 shares of the bank’s stock worth $4,402,000 after acquiring an additional 11,083 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of UMB Financial by 5,349.0% in the 4th quarter. Farther Finance Advisors LLC now owns 13,568 shares of the bank’s stock valued at $1,561,000 after acquiring an additional 13,319 shares during the period. Clearbridge Investments LLC raised its stake in shares of UMB Financial by 1.5% in the 4th quarter. Clearbridge Investments LLC now owns 614,037 shares of the bank’s stock valued at $70,639,000 after acquiring an additional 9,147 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of UMB Financial by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after acquiring an additional 55,005 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

UMBF stock opened at $149.98 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $11.39 billion, a P/E ratio of 12.49, a PEG ratio of 0.75 and a beta of 0.77. The business has a 50 day simple moving average of $143.08 and a 200-day simple moving average of $130.02. UMB Financial has a twelve month low of $103.38 and a twelve month high of $153.32.

Shares of UMB Financial are going to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly issued shares will be distributed to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The business had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. During the same period in the previous year, the company posted $2.96 EPS. As a group, equities analysts anticipate that UMB Financial will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. UMB Financial’s payout ratio is 16.65%.

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.