UMB Financial (NASDAQ:UMBF) Price Target Raised to $160.00

UMB Financial (NASDAQ:UMBF) had its price target lifted by Keefe, Bruyette & Woods from $155.00 to $160.00 in a report published on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the bank’s stock.

A number of other research analysts have also commented on the company. Stephens began coverage on UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target for the company. Wells Fargo & Company raised their price objective on shares of UMB Financial from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Barclays boosted their target price on shares of UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Zacks Research cut shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $181.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.83.

UMB Financial Trading Up 0.2%

UMB Financial stock opened at $145.73 on Thursday. UMB Financial has a 52 week low of $103.38 and a 52 week high of $149.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.76. The firm has a market capitalization of $11.07 billion, a PE ratio of 12.13, a PEG ratio of 0.78 and a beta of 0.77. The business’s 50-day simple moving average is $138.73 and its 200-day simple moving average is $127.80.

Shares of UMB Financial are scheduled to split before the market opens on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be distributed to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter in the prior year, the company earned $2.96 EPS. Equities research analysts forecast that UMB Financial will post 13.37 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio is 14.32%.

Insiders Place Their Bets

In related news, insider Robert Brian Beaird sold 1,600 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $144.40, for a total value of $231,040.00. Following the completion of the transaction, the insider directly owned 8,943 shares in the company, valued at approximately $1,291,369.20. This represents a 15.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President James D. Rine sold 8,246 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value 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. The trade was a 11.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 10,587 shares of company stock worth $1,427,251. 5.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. lifted its holdings in shares of UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after acquiring an additional 493,875 shares during the period. State Street Corp boosted its position in shares of UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after acquiring an additional 313,414 shares in the last quarter. Wellington Management Group LLP increased its stake in 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 acquiring an additional 751,525 shares during the period. Dimensional Fund Advisors LP increased its stake in UMB Financial by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after acquiring an additional 55,005 shares during the period. Finally, Geode Capital Management LLC raised its position in UMB Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock worth $219,529,000 after purchasing an additional 33,078 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Key Headlines Impacting UMB Financial

Here are the key news stories impacting UMB Financial this week:

• Positive Sentiment: UMB Financial’s second-quarter earnings exceeded expectations, with earnings per share of $3.57 versus the $3.12 consensus estimate and revenue of $778 million compared with forecasts of $727.63 million. The earnings beat has helped drive renewed investor momentum. UMB Financial Reaches New 12-Month High Following Strong Earnings
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target from $155 to $160 and maintained an “outperform” rating, implying additional upside from recent trading levels. Benzinga analyst price-target report
• Positive Sentiment: RBC Capital Markets reiterated its “buy” stance, while Zacks identified UMB Financial as a strong momentum stock based on its style-score methodology. RBC Capital Markets maintains buy rating Zacks momentum-stock analysis
• Neutral Sentiment: Management signaled third-quarter operating expenses of approximately $390 million and expects the core margin to remain relatively flat. The outlook suggests stable operations but limited near-term margin expansion. UMB Financial third-quarter operating outlook
• Negative Sentiment: Director Kevin Charles Gallagher sold 360 shares for approximately $52,247, reducing his holdings by 2.95%. Insider Robert Brian Beaird separately sold 1,600 shares worth about $231,040, cutting his position by 15.18%. The sales may weigh modestly on sentiment, although insider transactions do not necessarily indicate a change in business outlook. Gallagher SEC filing Beaird SEC filing

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.