UMB Financial (NASDAQ:UMBF) PT Set at $135.00 by Piper Sandler

Piper Sandler set a $135.00 target price on UMB Financial (NASDAQ:UMBF - Free Report) in a report released on Friday, MarketBeat.com reports. The brokerage currently has an overweight rating on the bank's stock.

Several other equities analysts have also issued reports on UMBF. Wall Street Zen lowered UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Bank of America initiated coverage on UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target on the stock. Truist Financial initiated coverage on UMB Financial in a research note on Tuesday, May 13th. They issued a "buy" rating and a $120.00 price objective for the company. Barclays lowered their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada cut their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial has an average rating of "Moderate Buy" and an average price target of $122.88.

UMB Financial Stock Up 0.0%

Shares of NASDAQ:UMBF traded up $0.03 during trading on Friday, hitting $100.73. The company's stock had a trading volume of 476,580 shares, compared to its average volume of 526,166. The company has a market capitalization of $7.65 billion, a PE ratio of 11.20 and a beta of 0.75. The business has a 50 day moving average price of $99.56 and a two-hundred day moving average price of $107.39. UMB Financial has a fifty-two week low of $79.25 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The company had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The firm's quarterly revenue was up 41.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.47 earnings per share. As a group, research analysts expect that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's dividend payout ratio is presently 20.13%.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total transaction of $550,995.72. Following the completion of the transaction, the chief executive officer now owns 288,945 shares in the company, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its position in UMB Financial by 4,840.0% during the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock worth $25,000 after purchasing an additional 242 shares during the period. Rothschild Investment LLC boosted its position in shares of UMB Financial by 442.0% during the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after purchasing an additional 221 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in UMB Financial during the first quarter worth about $27,000. McIlrath & Eck LLC acquired a new stake in shares of UMB Financial in the 1st quarter worth approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in UMB Financial in the first quarter valued at $35,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

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.