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

UMB Financial Corporation (NASDAQ:UMBF) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $137.20.

UMBF has been the topic of a number of recent analyst reports. Barclays set a $155.00 price target on shares of UMB Financial and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Piper Sandler reissued an “overweight” rating and set a $145.00 target price (down previously from $148.00) on shares of UMB Financial in a report on Thursday, October 30th. Hovde Group assumed coverage on UMB Financial in a research note on Monday, October 6th. They set an “outperform” rating for the company. Royal Bank Of Canada raised UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 price objective on the stock in a research note on Thursday, November 6th. Finally, TD Cowen decreased their target price on UMB Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research note on Thursday, October 30th.

Insider Buying and Selling

In related news, Director Greg M. Graves purchased 264 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $106.41 per share, for a total transaction of $28,092.24. Following the transaction, the director directly owned 38,411 shares of the company’s stock, valued at $4,087,314.51. This trade represents a 0.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nikki Farentino Newton sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total transaction of $137,917.00. Following the sale, the insider owned 13,667 shares in the company, valued at $1,449,932.03. This represents a 8.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,127 shares of company stock valued at $1,949,594 over the last ninety days. 5.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Swiss Life Asset Management Ltd acquired a new stake in UMB Financial during the 3rd quarter worth about $408,000. Cambria Investment Management L.P. increased its holdings in shares of UMB Financial by 24.9% in the 3rd quarter. Cambria Investment Management L.P. now owns 5,321 shares of the bank’s stock valued at $630,000 after purchasing an additional 1,062 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of UMB Financial by 5.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,668 shares of the bank’s stock valued at $434,000 after purchasing an additional 203 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of UMB Financial in the third quarter worth approximately $917,000. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of UMB Financial by 55.9% during the third quarter. Coldstream Capital Management Inc. now owns 3,201 shares of the bank’s stock worth $379,000 after purchasing an additional 1,148 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Down 0.3%

NASDAQ:UMBF opened at $113.95 on Friday. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.14 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial has a 1 year low of $82.00 and a 1 year high of $126.14. The business has a fifty day moving average of $111.68 and a 200-day moving average of $111.29.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. The business had revenue of $678.34 million for the quarter, compared to analysts’ expectations of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The company’s revenue was up 67.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. Equities analysts predict that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.43 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, December 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. UMB Financial’s payout ratio is currently 18.12%.

UMB Financial Company Profile

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.