Analysts Set UMB Financial Co. (NASDAQ:UMBF) PT at $102.33

Shares of UMB Financial Co. (NASDAQ:UMBF) have received a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $105.86.

Several research firms have recently commented on UMBF. Barclays increased their price target on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. Wells Fargo & Company increased their target price on UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Piper Sandler raised their price objective on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st.

Insider Transactions at UMB Financial

In related news, EVP John Pauls sold 1,623 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total transaction of $150,890.31. Following the sale, the executive vice president now owns 7,332 shares in the company, valued at $681,656.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP John Pauls sold 1,623 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total transaction of $150,890.31. Following the completion of the sale, the executive vice president now directly owns 7,332 shares of the company’s stock, valued at approximately $681,656.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tamara Peterman acquired 396 shares of UMB Financial stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $99.56 per share, with a total value of $39,425.76. Following the completion of the acquisition, the director now owns 7,407 shares of the company’s stock, valued at $737,440.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 42,596 shares of company stock worth $4,224,884. 8.85% of the stock is owned by company insiders.

Institutional Trading of UMB Financial

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of UMB Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,807 shares of the bank’s stock worth $360,168,000 after acquiring an additional 44,150 shares during the period. PNC Financial Services Group Inc. lifted its position in UMB Financial by 20.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,366 shares of the bank’s stock valued at $532,000 after acquiring an additional 1,080 shares in the last quarter. Quadrature Capital Ltd bought a new position in UMB Financial in the 4th quarter valued at approximately $372,000. Tributary Capital Management LLC lifted its holdings in shares of UMB Financial by 19.2% during the 1st quarter. Tributary Capital Management LLC now owns 197,606 shares of the bank’s stock valued at $17,190,000 after buying an additional 31,832 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of UMB Financial by 3.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,905,072 shares of the bank’s stock valued at $165,722,000 after buying an additional 63,022 shares during the period. 87.78% of the stock is owned by institutional investors.

UMB Financial Trading Up 0.3 %

Shares of NASDAQ:UMBF opened at $109.35 on Tuesday. UMB Financial has a 52 week low of $58.92 and a 52 week high of $110.27. The company’s 50 day moving average is $101.71 and its two-hundred day moving average is $90.76. 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 cap of $5.33 billion, a PE ratio of 14.11 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The firm had revenue of $390.03 million during the quarter, compared to analysts’ expectations of $384.96 million. During the same quarter in the prior year, the business earned $1.93 EPS. UMB Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that UMB Financial will post 8.98 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, September 10th. UMB Financial’s dividend payout ratio is presently 20.13%.

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.