UMB Financial (NASDAQ:UMBF) Given New $93.00 Price Target at Keefe, Bruyette & Woods

UMB Financial (NASDAQ:UMBF - Free Report) had its price objective hoisted by Keefe, Bruyette & Woods from $86.00 to $93.00 in a research report released on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank's stock.

UMBF has been the topic of several other reports. Piper Sandler boosted their price objective on shares of UMB Financial from $87.50 to $99.00 and gave the stock an overweight rating in a research note on Thursday, February 1st. Wells Fargo & Company upped their price objective on UMB Financial from $85.00 to $88.00 and gave the company an equal weight rating in a report on Wednesday, April 10th. Raymond James lifted their target price on UMB Financial from $80.00 to $102.00 and gave the stock a strong-buy rating in a report on Thursday, February 1st. Barclays upgraded shares of UMB Financial from an equal weight rating to an overweight rating and upped their price target for the company from $91.00 to $95.00 in a research note on Tuesday. Finally, StockNews.com upgraded shares of UMB Financial from a sell rating to a hold rating in a research note on Saturday, March 16th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $92.00.

UMB Financial Stock Up 2.5 %

NASDAQ:UMBF traded up $1.91 during trading hours on Tuesday, reaching $79.66. 1,519,267 shares of the stock were exchanged, compared to its average volume of 257,438. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72. UMB Financial has a twelve month low of $50.68 and a twelve month high of $87.36. The stock has a market cap of $3.88 billion, a PE ratio of 11.09 and a beta of 0.83. The firm has a 50 day moving average of $81.82 and a 200 day moving average of $77.95.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.53. The business had revenue of $370.80 million during the quarter, compared to the consensus estimate of $360.69 million. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 earnings per share. On average, equities analysts expect that UMB Financial will post 7.41 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a yield of 1.96%. UMB Financial's payout ratio is 21.73%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 1,440 shares of the company's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $86.59, for a total transaction of $124,689.60. Following the completion of the sale, the chief executive officer now directly owns 1,762,904 shares in the company, valued at $152,649,857.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other UMB Financial news, CEO J Mariner Kemper sold 1,440 shares of UMB Financial stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the transaction, the chief executive officer now owns 1,762,904 shares in the company, valued at $152,649,857.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin Charles Gallagher sold 625 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $80.21, for a total transaction of $50,131.25. Following the completion of the transaction, the director now directly owns 12,859 shares of the company's stock, valued at approximately $1,031,420.39. The disclosure for this sale can be found here. Insiders have sold a total of 27,277 shares of company stock valued at $2,264,661 in the last ninety days. 8.85% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UMBF. US Bancorp DE raised its position in UMB Financial by 1.4% in the fourth quarter. US Bancorp DE now owns 12,358 shares of the bank's stock valued at $1,033,000 after purchasing an additional 169 shares during the last quarter. Arizona State Retirement System raised its holdings in UMB Financial by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 13,121 shares of the bank's stock valued at $814,000 after buying an additional 178 shares during the last quarter. Retirement Systems of Alabama boosted its position in UMB Financial by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 54,704 shares of the bank's stock worth $4,571,000 after buying an additional 180 shares during the period. AlphaMark Advisors LLC grew its holdings in UMB Financial by 5.1% during the 4th quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank's stock worth $331,000 after acquiring an additional 194 shares during the last quarter. Finally, Kavar Capital Partners Group LLC raised its position in shares of UMB Financial by 2.8% during the third quarter. Kavar Capital Partners Group LLC now owns 7,302 shares of the bank's stock worth $453,000 after acquiring an additional 200 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Company Profile

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.