UMB Financial Corporation (NASDAQ:UMBF) Receives $122.88 Consensus Price Target from Brokerages

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $122.88.

UMBF has been the subject of several research analyst reports. Piper Sandler set a $135.00 price target on UMB Financial and gave the stock an "overweight" rating in a research note on Friday, June 13th. Wells Fargo & Company lifted their price target on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Wall Street Zen lowered UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Royal Bank Of Canada dropped their price target on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Finally, Barclays dropped their price target on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 5,412 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $101.81, for a total transaction of $550,995.72. Following the transaction, the chief executive officer now owns 288,945 shares in the company, valued at $29,417,490.45. The trade was a 1.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.45% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of UMB Financial by 54.0% during the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock worth $741,342,000 after acquiring an additional 2,570,283 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of UMB Financial by 78.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock worth $273,029,000 after acquiring an additional 1,185,671 shares during the period. Wellington Management Group LLP grew 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 worth $243,359,000 after acquiring an additional 385,830 shares during the period. American Century Companies Inc. grew its holdings in shares of 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 period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of UMB Financial by 10.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,912,883 shares of the bank's stock worth $192,302,000 after acquiring an additional 174,088 shares during the period. Hedge funds and other institutional investors own 87.78% of the company's stock.

UMB Financial Price Performance

NASDAQ:UMBF traded up $0.77 during trading hours on Friday, hitting $99.49. 951,457 shares of the company's stock traded hands, compared to its average volume of 529,475. The firm has a market cap of $7.55 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.15 and a beta of 0.75. UMB Financial has a 52 week low of $79.50 and a 52 week high of $129.94. The business's fifty day simple moving average is $99.93 and its two-hundred day simple moving average is $107.16. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

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 the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The firm had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. During the same quarter in the previous year, the company posted $2.47 earnings per share. The company's revenue was up 41.4% compared to the same quarter last year. On average, research analysts anticipate that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed 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 is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.61%. UMB Financial's dividend payout ratio is currently 20.13%.

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.