UMB Financial Co. (NASDAQ:UMBF) Receives $102.33 Consensus PT from Analysts

UMB Financial Co. (NASDAQ:UMBF) has received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $102.33.

Several brokerages have weighed in on UMBF. Barclays increased their price target on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Piper Sandler lifted their price target on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $93.00 to $98.00 in a research report on Friday, May 31st. Finally, Wells Fargo & Company lifted their target price on shares of UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 8,450 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $83.33, for a total transaction of $704,138.50. Following the completion of the transaction, the chief executive officer now directly owns 1,681,904 shares in the company, valued at $140,153,060.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Tamara Peterman acquired 396 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the acquisition, the director now owns 7,407 shares in the company, valued at approximately $737,440.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 8,450 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $83.33, for a total value of $704,138.50. Following the transaction, the chief executive officer now directly owns 1,681,904 shares of the company’s stock, valued at approximately $140,153,060.32. The disclosure for this sale can be found here. Insiders have sold 34,846 shares of company stock worth $3,135,439 in the last quarter. Corporate insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in shares of UMB Financial in the fourth quarter worth about $28,000. 1620 Investment Advisors Inc. acquired a new position in shares of UMB Financial during the 2nd quarter worth approximately $128,000. CWM LLC grew its position in shares of UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after purchasing an additional 129 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of UMB Financial by 42.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock valued at $229,000 after purchasing an additional 819 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in UMB Financial during the first quarter worth approximately $252,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Trading Up 3.1 %

UMB Financial stock opened at $108.86 on Friday. UMB Financial has a 52 week low of $57.91 and a 52 week high of $109.42. The stock has a 50-day moving average price of $98.74 and a 200 day moving average price of $87.93. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 14.46 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, beating the consensus estimate of $2.01 by $0.15. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The business had revenue of $390.03 million for the quarter, compared to the consensus estimate of $384.96 million. During the same period in the prior year, the firm earned $1.93 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that UMB Financial will post 8.98 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, September 10th. UMB Financial’s payout ratio is 20.72%.

UMB Financial Company Profile

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.