UMB Financial (NASDAQ:UMBF) Hits New 1-Year High – What’s Next?

UMB Financial Corporation (NASDAQ:UMBF)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $137.62 and last traded at $137.3650, with a volume of 40735 shares trading hands. The stock had previously closed at $136.94.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UMBF shares. TD Cowen raised their price target on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada upped their price objective on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Piper Sandler increased their target price on UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Truist Financial set a $140.00 price target on shares of UMB Financial in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $145.55.

UMB Financial Stock Performance

The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 0.90 and a beta of 0.78. The company has a 50-day moving average price of $128.38 and a 200-day moving average price of $122.64. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating the consensus estimate of $2.82 by $0.59. The firm had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. UMB Financial’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the company earned $2.58 EPS. As a group, equities research analysts forecast that UMB Financial Corporation will post 12.8 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, June 10th. UMB Financial’s dividend payout ratio is 15.26%.

Insiders Place Their Bets

In related news, President James D. Rine sold 8,246 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the transaction, the president owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This trade represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the sale, the director owned 12,223 shares in the company, valued at approximately $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.33% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several hedge funds have recently made changes to their positions in the business. MBM Wealth Consultants LLC bought a new stake in UMB Financial during the first quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new position in shares of UMB Financial in the fourth quarter valued at $27,000. Axiom Investment Management LLC acquired a new stake in shares of UMB Financial during the 1st quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new stake in shares of UMB Financial during the 4th quarter valued at $34,000. Finally, Torren Management LLC bought a new stake in shares of UMB Financial during the 4th quarter worth $37,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

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.