UMB Financial (NASDAQ:UMBF) Price Target Raised to $139.00 at Wells Fargo & Company

UMB Financial (NASDAQ:UMBF) had its target price increased by Wells Fargo & Company from $130.00 to $139.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have an equal weight rating on the bank’s stock.

A number of other equities analysts have also commented on the stock. TD Cowen raised their price objective on shares of UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada increased their target price on shares of UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Hovde Group raised their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Barclays boosted their price target on shares of UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Piper Sandler upped their price target on shares of UMB Financial from $155.00 to $161.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. One research 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.91.

UMB Financial Trading Up 0.4%

NASDAQ:UMBF opened at $144.33 on Monday. UMB Financial has a 1 year low of $103.38 and a 1 year high of $146.60. The stock’s fifty day moving average price is $132.64 and its two-hundred day moving average price is $124.50. 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 company has a market cap of $10.97 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.97 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 earnings per share. As a group, analysts expect that UMB Financial will post 12.83 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.2%. UMB Financial’s dividend payout ratio is presently 15.26%.

Insider Buying and Selling at UMB Financial

In other news, President James D. Rine sold 8,246 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the sale, the president owned 61,446 shares in the company, valued at approximately $8,147,125.14. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin Charles Gallagher sold 381 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director owned 12,223 shares of the company’s stock, valued at $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.33% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several institutional investors have recently modified their holdings of the company. MBM Wealth Consultants LLC bought a new position in UMB Financial during the first quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of UMB Financial in the 4th quarter worth approximately $27,000. Axiom Investment Management LLC bought a new stake in shares of UMB Financial in the 1st quarter worth approximately $28,000. Hilton Head Capital Partners LLC purchased a new stake in shares of UMB Financial in the 4th quarter valued at $34,000. Finally, Torren Management LLC purchased a new stake in shares of UMB Financial in the 4th quarter valued at $37,000. 87.78% of the stock is currently owned by institutional investors.

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.