UMB Financial (NASDAQ:UMBF) Upgraded to Overweight by Barclays

Barclays upgraded shares of UMB Financial (NASDAQ:UMBF - Free Report) from an equal weight rating to an overweight rating in a report published on Tuesday, Marketbeat reports. Barclays currently has $95.00 target price on the bank's stock, up from their previous target price of $91.00.

Other equities analysts have also recently issued research reports about the company. Piper Sandler lifted their target price on UMB Financial from $87.50 to $99.00 and gave the company an overweight rating in a research note on Thursday, February 1st. Raymond James increased their target price on shares of UMB Financial from $80.00 to $102.00 and gave the stock a strong-buy rating in a research report on Thursday, February 1st. StockNews.com raised shares of UMB Financial from a sell rating to a hold rating in a research note on Saturday, March 16th. Finally, Wells Fargo & Company lifted their price objective on UMB Financial from $85.00 to $88.00 and gave the company an equal weight rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $92.00.

UMB Financial Trading Up 2.5 %

Shares of UMBF stock traded up $1.91 during trading hours on Tuesday, reaching $79.66. 1,519,267 shares of the stock traded hands, compared to its average volume of 257,438. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.88 billion, a PE ratio of 11.09 and a beta of 0.83. UMB Financial has a 1-year low of $50.68 and a 1-year high of $87.36. The business has a fifty day moving average price of $81.85 and a 200 day moving average price of $77.83.

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

UMB Financial Dividend Announcement

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

Insider Transactions at UMB Financial

In related news, Director Kevin Charles Gallagher sold 625 shares of UMB Financial stock in a transaction on Friday, February 9th. The shares were sold at an average price of $80.21, for a total value of $50,131.25. Following the transaction, the director now owns 12,859 shares in the company, valued at approximately $1,031,420.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other UMB Financial news, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the sale, the chief executive officer now directly owns 1,738,604 shares of the company's stock, valued at approximately $148,268,149.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 625 shares of the business's 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 transaction, the director now owns 12,859 shares in the company, valued at approximately $1,031,420.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,277 shares of company stock worth $2,264,661. 8.85% of the stock is owned by insiders.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors have recently added to or reduced their stakes in UMBF. US Bancorp DE grew its holdings in shares of UMB Financial by 1.4% during the 4th quarter. US Bancorp DE now owns 12,358 shares of the bank's stock worth $1,033,000 after purchasing an additional 169 shares in the last quarter. Arizona State Retirement System raised its stake in shares of 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 in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of 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 acquiring an additional 180 shares during the period. AlphaMark Advisors LLC boosted its position in shares of UMB Financial by 5.1% during the 4th quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank's stock valued at $331,000 after acquiring an additional 194 shares in the last quarter. Finally, Kavar Capital Partners Group LLC boosted its position in shares of UMB Financial by 2.8% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 7,302 shares of the bank's stock valued at $453,000 after acquiring an additional 200 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

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.