UMB Financial (NASDAQ:UMBF) Hits New 52-Week High – Should You Buy?

UMB Financial Corporation (NASDAQ:UMBF) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $130.18 and last traded at $129.6450, with a volume of 16012 shares trading hands. The stock had previously closed at $128.05.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UMBF shares. Royal Bank Of Canada set a $134.00 target price on UMB Financial and gave the company an “outperform” rating in a report on Monday, January 12th. Truist Financial set a $150.00 price objective on shares of UMB Financial in a report on Friday. Barclays restated an “overweight” rating and set a $160.00 target price on shares of UMB Financial in a research report on Thursday. Citigroup lifted their price target on shares of UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $145.00 price target on shares of UMB Financial in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.00.

UMB Financial Stock Up 0.3%

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day moving average price is $119.10 and its 200 day moving average price is $116.03. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 1.00 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The firm had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. During the same quarter in the prior year, the firm earned $2.49 EPS. UMB Financial’s quarterly revenue was up 66.0% on a year-over-year basis. Sell-side analysts expect that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s dividend payout ratio is 18.84%.

Insider Activity

In other UMB Financial news, Director Kevin Charles Gallagher sold 460 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $110.71, for a total transaction of $50,926.60. Following the transaction, the director owned 12,090 shares of the company’s stock, valued at $1,338,483.90. This represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 15,367 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the sale, the chief executive officer owned 1,521,414 shares in the company, valued at $174,323,616.12. This trade represents a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.45% of the stock is owned by company insiders.

Institutional Trading of UMB Financial

A number of hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its stake in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after acquiring an additional 1,286,543 shares during the last quarter. Norges Bank acquired a new position in UMB Financial during the second quarter worth approximately $93,829,000. Wellington Management Group LLP raised its stake in UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares during the period. State Street Corp boosted its holdings in shares of UMB Financial by 7.9% in the 2nd 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 last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of UMB Financial during the 3rd quarter valued at $29,484,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Company Profile

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.