UMB Financial Corporation (NASDAQ:UMBF) Stock Has Consensus Price Target of $165.00

Key Points

• Analysts maintain a Moderate Buy consensus on UMB Financial, with 11 buy ratings, one strong buy, and four holds. The average 12-month price target is $165, implying upside from the reported $130.94 share price.
• UMB Financial exceeded quarterly expectations, reporting $3.57 in earnings per share versus the $3.12 consensus and revenue of $778 million versus $727.63 million expected.
• The company increased its quarterly dividend to $0.50 per share, or $2.00 annualized, producing a 1.5% yield. Institutional investors own 87.78% of the stock, while insiders sold 25,544 shares worth approximately $3.78 million in the last quarter.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $165.00.

Several research analysts have recently commented on the company. TD Cowen reissued a "buy" rating and issued a $166.00 target price (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Stephens began coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They issued an "overweight" rating and a $167.00 price objective on the stock. Barclays reaffirmed an "overweight" rating and set a $175.00 price target (up from $170.00) on shares of UMB Financial in a research report on Monday, August 3rd. Piper Sandler restated an "overweight" rating and set a $181.00 target price (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Finally, Raymond James Financial began coverage on shares of UMB Financial in a report on Thursday, August 27th. They issued an "outperform" rating and a $165.00 price target on the stock.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J. Kemper sold 15,062 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.55, for a total value of $2,237,460.10. Following the completion of the sale, the chief executive officer directly owned 1,491,138 shares of the company's stock, valued at approximately $221,508,549.90. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Phillip Mason sold 800 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total value of $117,600.00. Following the sale, the insider directly owned 8,894 shares of the company's stock, valued at $1,307,418. The trade was a 8.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,544 shares of company stock valued at $3,775,862 in the last quarter. 5.33% of the stock is owned by company insiders.

Institutional Trading of UMB Financial

Several hedge funds have recently made changes to their positions in the company. Greenleaf Trust increased its position in UMB Financial by 4.7% during the 2nd quarter. Greenleaf Trust now owns 2,506 shares of the bank's stock worth $358,000 after purchasing an additional 113 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of UMB Financial by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank's stock worth $820,000 after purchasing an additional 125 shares during the last quarter. Ritholtz Wealth Management raised its holdings in UMB Financial by 8.2% in the 1st quarter. Ritholtz Wealth Management now owns 1,998 shares of the bank's stock valued at $225,000 after acquiring an additional 152 shares during the last quarter. Parallel Advisors LLC lifted its position in UMB Financial by 13.1% during the first quarter. Parallel Advisors LLC now owns 1,377 shares of the bank's stock worth $155,000 after buying an additional 160 shares during the period. Finally, MBM Wealth Consultants LLC acquired a new stake in shares of UMB Financial in the first quarter worth approximately $26,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Stock Up 0.9%

UMBF opened at $130.94 on Friday. The stock's 50 day moving average price is $141.73 and its 200 day moving average price is $133.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $9.94 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.63 and a beta of 0.82. UMB Financial has a 12 month low of $68.92 and a 12 month high of $144.36.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter in the prior year, the company posted $2.96 earnings per share. As a group, research analysts predict that UMB Financial will post 13.53 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 10th. This is an increase from UMB Financial's previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. UMB Financial's payout ratio is 16.65%.

UMB Financial Company Profile

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to businesses, institutions, governments and individuals. The company traces its history to 1913 and has developed a regional banking franchise with additional capabilities serving customers nationwide.

UMB's business activities include commercial and personal banking, treasury management, lending, deposit services and payment solutions.

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