UMB Financial Corporation (NASDAQ:UMBF) Receives $166.54 Average Price Target from Analysts

UMB Financial Corporation (NASDAQ:UMBF) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $167.9286.

Several equities analysts have issued reports on the company. TD Cowen reiterated a “buy” rating and issued a $166.00 target price (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Wells Fargo & Company set a $160.00 price target on shares of UMB Financial and gave the company an “equal weight” rating in a report on Monday, August 10th. Morgan Stanley lifted their price objective on shares of UMB Financial from $159.00 to $190.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. began coverage on shares of UMB Financial in a research note on Thursday, August 20th. They set an “overweight” rating and a $180.00 price objective for the company.

Insider Buying and Selling at UMB Financial

In other news, Director Susan Murphy sold 1,377 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total transaction of $200,422.35. Following the completion of the sale, the director owned 10,635 shares in the company, valued at approximately $1,547,924.25. This represents a 11.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Beaird sold 1,600 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $144.40, for a total value of $231,040.00. Following the completion of the sale, the insider directly owned 8,943 shares of the company’s stock, valued at $1,291,369.20. The trade was a 15.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 25,544 shares of company stock valued at $3,775,862. Corporate insiders own 5.33% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Junto Capital Management LP acquired a new stake in shares of UMB Financial in the second quarter valued at about $58,924,000. Sequoia Financial Advisors LLC boosted its position in UMB Financial by 45.6% during the second quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the bank’s stock worth $880,000 after acquiring an additional 1,929 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in UMB Financial during the 2nd quarter valued at about $102,000. Nykredit A S purchased a new stake in UMB Financial during the 2nd quarter valued at about $556,000. Finally, Corient Private Wealth LP acquired a new stake in UMB Financial in the 2nd quarter valued at about $221,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Up 0.2%

Shares of NASDAQ UMBF opened at $139.77 on Tuesday. 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 stock has a market capitalization of $10.62 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.68 and a beta of 0.77. The stock’s fifty day simple moving average is $144.59 and its two-hundred day simple moving average is $131.92. UMB Financial has a 12-month low of $68.92 and a 12-month high of $144.36.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period in the previous year, the company posted $2.96 EPS. As a group, analysts expect that UMB Financial will post 13.54 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. UMB Financial’s payout ratio is currently 16.65%.

About UMB Financial

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities.

The company offers commercial and personal banking products, including deposit accounts, lending, treasury management, wealth management and investment services. UMB also provides institutional banking, fund administration, securities custody, corporate trust and payment solutions through its specialized financial services businesses.

Founded in 1913, UMB serves customers through banking locations and business operations across portions of the Midwest and Western United States, as well as through nationwide institutional and payment-services platforms.