Analysts Set UMB Financial Corporation (NASDAQ:UMBF) PT at $137.20

Shares of UMB Financial Corporation (NASDAQ:UMBF) have earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $137.20.

Several research firms recently weighed in on UMBF. Truist Financial boosted their target price on UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Barclays set a $155.00 target price on shares of UMB Financial and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada upgraded shares of UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 target price on the stock in a report on Thursday, November 6th. Hovde Group assumed coverage on shares of UMB Financial in a report on Monday, October 6th. They set an “outperform” rating for the company. Finally, Piper Sandler reiterated an “overweight” rating and issued a $145.00 price objective (down from $148.00) on shares of UMB Financial in a research note on Thursday, October 30th.

Insider Buying and Selling

In other news, EVP Amy Harris sold 500 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $122.02, for a total value of $61,010.00. Following the sale, the executive vice president owned 7,285 shares in the company, valued at approximately $888,915.70. This trade represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shannon Andresen Johnson sold 1,367 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total transaction of $164,832.86. Following the transaction, the insider directly owned 34,124 shares in the company, valued at $4,114,671.92. This trade represents a 3.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 683 shares of company stock valued at $75,961 and sold 5,877 shares valued at $683,734. 5.45% of the stock is owned by insiders.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in UMB Financial by 54.0% in the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank’s stock valued at $741,342,000 after acquiring an additional 2,570,283 shares in the last quarter. State Street Corp increased its position in shares of UMB Financial by 7.9% during the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after purchasing an additional 313,414 shares during the period. Wellington Management Group LLP raised its stake in shares of UMB Financial by 32.0% in the third 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. Dimensional Fund Advisors LP lifted its position in UMB Financial by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock worth $335,264,000 after purchasing an additional 94,451 shares during the period. Finally, American Century Companies Inc. lifted its position in UMB Financial by 7.7% in the first quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank’s stock worth $207,660,000 after purchasing an additional 146,585 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Trading Down 0.6%

Shares of NASDAQ:UMBF opened at $108.40 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.77 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $8.23 billion, a PE ratio of 12.28, a P/E/G ratio of 1.11 and a beta of 0.80. UMB Financial has a 1 year low of $82.00 and a 1 year high of $129.94. The firm has a fifty day moving average price of $115.13 and a 200 day moving average price of $110.47.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.22. The company had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The business’s revenue was up 67.0% compared to the same quarter last year. During the same period last year, the company earned $2.25 earnings per share. Analysts expect that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.72 annualized dividend and a yield of 1.6%. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s dividend payout ratio (DPR) is presently 19.48%.

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.