Brokerages Set UMB Financial Co. (NASDAQ:UMBF) Price Target at $120.33

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) has earned an average rating of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $120.33.

Several brokerages have recently commented on UMBF. Citigroup reaffirmed a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Piper Sandler reiterated an "overweight" rating and set a $137.00 target price (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. Royal Bank of Canada decreased their price target on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Finally, Truist Financial began coverage on UMB Financial in a research note on Tuesday, May 13th. They issued a "buy" rating and a $120.00 price target for the company.

UMB Financial Stock Performance

UMBF traded down $0.63 during trading on Wednesday, hitting $101.50. The stock had a trading volume of 633,990 shares, compared to its average volume of 518,064. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50 day moving average price of $98.06 and a 200-day moving average price of $109.39. UMB Financial has a one year low of $78.56 and a one year high of $129.94. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 11.29 and a beta of 0.72.

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

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.58%. UMB Financial's dividend payout ratio (DPR) is currently 20.13%.

Institutional Investors Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently made changes to their positions in UMBF. Vanguard Group Inc. boosted its position in UMB Financial by 54.0% in the first quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock valued at $741,342,000 after buying an additional 2,570,283 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of UMB Financial by 78.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock valued at $273,029,000 after acquiring an additional 1,185,671 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of UMB Financial by 19.1% during the 1st quarter. Wellington Management Group LLP now owns 2,407,115 shares of the bank's stock valued at $243,359,000 after acquiring an additional 385,830 shares in the last quarter. American Century Companies Inc. grew its position in UMB Financial by 7.7% during the 1st quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank's stock worth $207,660,000 after acquiring an additional 146,585 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in UMB Financial by 10.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,912,883 shares of the bank's stock worth $192,302,000 after purchasing an additional 174,088 shares in the last quarter. 87.78% of the stock is 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.