UMB Financial (NASDAQ:UMBF) Raised to “Overweight” at Barclays

Barclays upgraded shares of UMB Financial (NASDAQ:UMBF) from an equal weight rating to an overweight rating in a report published on Tuesday morning, Marketbeat.com reports. The firm currently has $95.00 price objective on the bank’s stock, up from their prior price objective of $91.00.

A number of other brokerages have also weighed in on UMBF. Raymond James upped their target price on shares of UMB Financial from $80.00 to $102.00 and gave the stock a strong-buy rating in a research report on Thursday, February 1st. Wells Fargo & Company boosted their target price on UMB Financial from $85.00 to $88.00 and gave the stock an equal weight rating in a research report on Wednesday, April 10th. StockNews.com upgraded UMB Financial from a sell rating to a hold rating in a report on Saturday, March 16th. Finally, Piper Sandler upped their price objective on UMB Financial from $87.50 to $99.00 and gave the stock an overweight rating in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, UMB Financial has a consensus rating of Moderate Buy and a consensus price target of $92.00.

UMB Financial Trading Up 0.8 %

Shares of UMB Financial stock opened at $82.56 on Tuesday. UMB Financial has a fifty-two week low of $50.68 and a fifty-two week high of $87.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.75. The company has a market capitalization of $4.02 billion, a P/E ratio of 10.96 and a beta of 0.84. The company has a fifty day moving average of $81.87 and a 200 day moving average of $78.12.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.53. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. The firm had revenue of $370.80 million during the quarter, compared to analysts’ expectations of $360.69 million. During the same quarter last year, the business posted $2.06 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that UMB Financial will post 7.88 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 7th. This represents a $1.56 annualized dividend and a dividend yield of 1.89%. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

Insider Transactions at UMB Financial

In other UMB Financial news, insider Abigail M. Wendel sold 1,182 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total value of $95,387.40. Following the transaction, the insider now owns 15,217 shares of the company’s stock, valued at approximately $1,228,011.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other UMB Financial news, insider Abigail M. Wendel sold 1,182 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the completion of the sale, the insider now directly owns 15,217 shares of the company’s stock, valued at approximately $1,228,011.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kevin Charles Gallagher sold 625 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $80.21, for a total transaction of $50,131.25. Following the transaction, the director now directly owns 12,859 shares in the company, valued at $1,031,420.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,079 shares of company stock worth $2,159,628. 8.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UMB Financial

Several hedge funds have recently made changes to their positions in UMBF. Assetmark Inc. bought a new stake in shares of UMB Financial in the fourth quarter valued at about $28,000. Headlands Technologies LLC purchased a new stake in shares of UMB Financial in the 3rd quarter worth approximately $74,000. Quantbot Technologies LP bought a new position in shares of UMB Financial during the third quarter valued at approximately $179,000. Jones Financial Companies Lllp purchased a new position in UMB Financial during the third quarter valued at approximately $199,000. Finally, Atria Wealth Solutions Inc. bought a new position in UMB Financial in the third quarter worth approximately $215,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

About UMB Financial

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.