UMB Financial Corporation (NASDAQ:UMBF) Stock Has Average Target Price of $165.00

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $164.00.

UMBF has been the topic of a number of recent analyst reports. Stephens assumed coverage on UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target on the stock. Citigroup restated a “neutral” rating and issued a $162.00 price objective (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Morgan Stanley decreased their target price on UMB Financial from $190.00 to $182.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Truist Financial set a $170.00 target price on UMB Financial and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Barclays reiterated an “overweight” rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd.

UMB Financial Stock Down 1.4%

Shares of NASDAQ:UMBF opened at $128.21 on Friday. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.64 and a beta of 0.82. 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 12-month low of $68.92 and a 12-month high of $144.36. The business’s 50 day moving average is $140.83 and its 200 day moving average is $134.10.

UMB Financial (NASDAQ:UMBF) last released its quarterly 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 return on equity of 13.41% and a net margin of 21.64%.The business had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. During the same period in the prior year, the firm posted $2.96 EPS. On average, sell-side analysts forecast that UMB Financial will post 13.53 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is currently 16.65%.

Insider Activity at UMB Financial

In related news, insider Nikki Farentino Newton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total transaction of $297,200.00. Following the sale, the insider directly owned 11,981 shares in the company, valued at approximately $1,780,376.60. This represents a 14.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Phillip Mason sold 800 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total value of $117,600.00. Following the completion of the transaction, the insider directly owned 8,894 shares of the company’s stock, valued at $1,307,418. The trade was a 8.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,544 shares of company stock worth $3,775,862 in the last three months. Corporate insiders own 5.33% of the company’s stock.

Institutional Trading of UMB Financial

A number of institutional investors have recently added to or reduced their stakes in UMBF. BlackRock Inc. purchased a new position in UMB Financial during the second quarter valued at approximately $1,458,386,000. Dimensional Fund Advisors LP lifted its stake in UMB Financial by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock worth $328,200,000 after purchasing an additional 55,005 shares in the last quarter. Bank of America Corp DE purchased a new stake in UMB Financial in the 2nd quarter worth approximately $129,153,000. First Trust Advisors LP boosted its holdings in UMB Financial by 12.0% in the 1st quarter. First Trust Advisors LP now owns 899,400 shares of the bank’s stock valued at $101,443,000 after purchasing an additional 96,149 shares during the period. Finally, Norges Bank bought a new position in UMB Financial in the 4th quarter valued at $85,885,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

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 businesses, institutions, governments and individuals. The company traces its history to 1913 and has developed a regional banking franchise with additional capabilities serving customers nationwide.

UMB’s business activities include commercial and personal banking, treasury management, lending, deposit services and payment solutions.