UMB Financial Corporation (NASDAQ:UMBF) Receives $122.88 Average Target Price from Brokerages

Shares of UMB Financial Corporation (NASDAQ:UMBFGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $122.88.

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Wall Street Zen cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Barclays cut their price objective on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Finally, Piper Sandler set a $135.00 target price on UMB Financial and gave the company an “overweight” rating in a research report on Friday, June 13th.

View Our Latest Research Report on UMB Financial

UMB Financial Price Performance

Shares of UMB Financial stock opened at $98.72 on Friday. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day moving average price of $99.84 and a 200-day moving average price of $107.22. UMB Financial has a one year low of $79.50 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBFGet Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The business had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. During the same quarter last year, the firm posted $2.47 earnings per share. The business’s revenue was up 41.4% compared to the same quarter last year. Equities analysts expect that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. UMB Financial’s payout ratio is 20.13%.

Insider Activity

In other news, CEO J Mariner Kemper sold 5,412 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $101.81, for a total value of $550,995.72. Following the transaction, the chief executive officer now directly owns 288,945 shares of the company’s stock, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.45% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in UMB Financial during the fourth quarter worth about $2,190,000. US Bancorp DE grew its stake in shares of UMB Financial by 46.9% during the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank’s stock worth $1,479,000 after purchasing an additional 4,182 shares during the period. Northern Trust Corp increased its holdings in shares of UMB Financial by 16.2% during the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank’s stock valued at $71,900,000 after purchasing an additional 88,705 shares in the last quarter. Inceptionr LLC acquired a new position in shares of UMB Financial in the 4th quarter valued at $305,000. Finally, Vontobel Holding Ltd. boosted its holdings in UMB Financial by 107.8% during the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock worth $626,000 after buying an additional 2,877 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

About UMB Financial

(Get Free Report

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.

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Analyst Recommendations for UMB Financial (NASDAQ:UMBF)

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