UMB Financial Corporation (NASDAQ:UMBF) Receives $141.18 Average Price Target from Analysts

UMB Financial Corporation (NASDAQ:UMBF) has been assigned an average rating of “Buy” from the fourteen brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $141.1818.

Several analysts have recently weighed in on the stock. Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods increased their price objective on UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Piper Sandler raised their price objective on UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Finally, Truist Financial set a $150.00 target price on UMB Financial in a report on Friday, January 30th.

Insider Buying and Selling

In other UMB Financial news, Director Greg M. Graves purchased 220 shares of UMB Financial stock in a transaction dated Monday, February 2nd. The stock was acquired at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the acquisition, the director owned 39,541 shares in the company, valued at $5,054,526.03. This trade represents a 0.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin Charles Gallagher sold 388 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the completion of the sale, the director directly owned 12,488 shares of the company’s stock, valued at $1,614,698.40. The trade was a 3.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,102 shares of company stock valued at $2,458,247 over the last three months. 5.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On UMB Financial

Several institutional investors have recently bought and sold shares of UMBF. Rockefeller Capital Management L.P. boosted its position in UMB Financial by 89.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,628 shares of the bank’s stock valued at $187,000 after acquiring an additional 770 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of UMB Financial by 569.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 442 shares of the bank’s stock valued at $51,000 after acquiring an additional 376 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of UMB Financial by 25.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 235,658 shares of the bank’s stock worth $27,111,000 after acquiring an additional 47,358 shares in the last quarter. Invesco Ltd. lifted its stake in shares of UMB Financial by 9.1% during the 4th quarter. Invesco Ltd. now owns 283,113 shares of the bank’s stock worth $32,569,000 after purchasing an additional 23,566 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of UMB Financial by 4.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after purchasing an additional 102 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Trading Up 0.2%

NASDAQ UMBF opened at $109.26 on Tuesday. The stock has a market cap of $8.32 billion, a PE ratio of 11.97, a PEG ratio of 0.78 and a beta of 0.78. UMB Financial has a 12 month low of $82.00 and a 12 month high of $136.11. The company’s 50-day moving average price is $122.08 and its 200-day moving average price is $117.82. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.37. The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm’s revenue for the quarter was up 66.0% on a year-over-year basis. During the same quarter last year, the business posted $2.49 EPS. Equities research analysts forecast that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s payout ratio is presently 18.84%.

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.