UMB Financial (NASDAQ:UMBF) Sets New 1-Year High at $105.72

UMB Financial Co. (NASDAQ:UMBF)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $105.72 and last traded at $105.03, with a volume of 75561 shares trading hands. The stock had previously closed at $104.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays raised their target price on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $93.00 to $98.00 in a research note on Friday, May 31st. Piper Sandler increased their price target on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company upped their target price on shares of UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.33.

UMB Financial Stock Down 0.1 %

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 13.54 and a beta of 0.80. The firm’s 50-day moving average price is $91.71 and its 200 day moving average price is $85.35.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.15. The company had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.93 EPS. On average, sell-side analysts forecast that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a $0.39 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 1.52%. UMB Financial’s dividend payout ratio is currently 20.72%.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 2,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $81.39, for a total transaction of $162,780.00. Following the sale, the chief executive officer now owns 1,698,104 shares in the company, valued at approximately $138,208,684.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO J Mariner Kemper sold 2,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $81.39, for a total transaction of $162,780.00. Following the transaction, the chief executive officer now owns 1,698,104 shares of the company’s stock, valued at approximately $138,208,684.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amy Harris sold 736 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $95.05, for a total value of $69,956.80. Following the completion of the transaction, the executive vice president now owns 2,899 shares in the company, valued at $275,549.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,846 shares of company stock worth $2,785,719. Corporate insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. bought a new stake in shares of UMB Financial during the 4th quarter valued at $28,000. 1620 Investment Advisors Inc. bought a new stake in UMB Financial during the second quarter valued at $128,000. CWM LLC grew its position in UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of UMB Financial by 42.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock valued at $229,000 after acquiring an additional 819 shares in the last quarter. Finally, ETF Store Inc. bought a new stake in shares of UMB Financial during the 4th quarter valued at about $251,000. Institutional investors own 87.78% of the company’s stock.

About UMB Financial

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.