Analysts Set UMB Financial Corporation (NASDAQ:UMBF) PT at $152.17

UMB Financial Corporation (NASDAQ:UMBF) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $152.1667.

A number of analysts recently commented on the stock. TD Cowen boosted their target price on shares of UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Citigroup raised their target price on shares of UMB Financial from $138.00 to $144.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Weiss Ratings upgraded shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Zacks Research cut UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, Truist Financial increased their price objective on UMB Financial from $140.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, July 10th.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $140.78 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $136.57 and its two-hundred day moving average price is $126.71. UMB Financial has a 52 week low of $103.38 and a 52 week high of $148.31. The stock has a market cap of $10.70 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 0.79 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. As a group, sell-side analysts anticipate that UMB Financial will post 12.85 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 10th. UMB Financial’s payout ratio is presently 15.26%.

Insiders Place Their Bets

In related news, Director Kevin Charles Gallagher sold 381 shares of UMB Financial stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total value of $50,627.28. Following the transaction, the director owned 12,223 shares of the company’s stock, valued at approximately $1,624,192.24. This trade represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the transaction, the president directly owned 61,446 shares in the company, valued at $8,147,125.14. This represents a 11.83% decrease in their position. The SEC filing for this sale provides additional information. 5.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UMBF. Alliancebernstein L.P. lifted its position in shares of UMB Financial by 636.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after acquiring an additional 1,286,543 shares in the last quarter. Wellington Management Group LLP boosted its stake in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares during the period. Norges Bank purchased a new position in UMB Financial during the 4th quarter worth approximately $85,885,000. UMB Bank n.a. grew its position in UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after purchasing an additional 493,875 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in UMB Financial by 1,148.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock valued at $48,554,000 after purchasing an additional 388,253 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.