Analysts Set UMB Financial Corporation (NASDAQ:UMBF) Price Target at $163.75

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. Three equities research 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 price target among brokerages that have issued a report on the stock in the last year is $163.75.

A number of research analysts have recently issued reports on UMBF shares. TD Cowen restated a “buy” rating and issued a $166.00 price target (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a research report on Friday, July 24th. Morgan Stanley increased their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Truist Financial set a $170.00 target price on shares of UMB Financial and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Hovde Group lifted their target price on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 15,062 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the sale, the chief executive officer directly owned 1,491,138 shares in the company, valued at approximately $221,508,549.90. The trade was a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikki Farentino Newton sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total value of $297,200.00. Following the sale, the insider directly owned 11,981 shares in the company, valued at approximately $1,780,376.60. The trade was a 14.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 34,171 shares of company stock valued at $4,919,826. Company insiders own 5.33% of the company’s stock.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in UMB Financial in the second quarter worth about $1,458,386,000. Alliancebernstein L.P. boosted its position in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after purchasing an additional 1,286,543 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after purchasing an additional 751,525 shares in the last quarter. Norges Bank acquired a new position in shares of UMB Financial in the 4th quarter worth approximately $85,885,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of UMB Financial in the 2nd quarter worth approximately $78,410,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $152.04 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial has a fifty-two week low of $103.38 and a fifty-two week high of $152.48. The business has a 50 day moving average price of $142.26 and a two-hundred day moving average price of $129.65. The firm has a market cap of $11.55 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.75 and a beta of 0.77.

UMB Financial’s stock is going to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be payable to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last issued its 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 company 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 quarter last year, the firm earned $2.96 EPS. Sell-side analysts expect that UMB Financial will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.3%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is 14.32%.

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.