UMB Financial Corporation (NASDAQ:UMBF) Receives $124.75 Consensus Target Price from Analysts

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) has received an average rating of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $127.00.

Several equities analysts have weighed in on UMBF shares. Wall Street Zen lowered UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Piper Sandler set a $135.00 target price on UMB Financial and gave the company an "overweight" rating in a research note on Friday, June 13th. Truist Financial increased their target price on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company increased their target price on UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Morgan Stanley cut their target price on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th.

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the firm'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 sale, the chief executive officer owned 288,945 shares of the company's stock, valued at $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in UMB Financial by 54.0% in the 1st 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 during the last quarter. Earnest Partners LLC acquired a new stake in UMB Financial in the 1st quarter valued at approximately $144,351,000. Dimensional Fund Advisors LP raised its position in 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 buying an additional 1,185,671 shares during the last quarter. Nuveen LLC acquired a new stake in UMB Financial in the 1st quarter valued at approximately $51,324,000. Finally, Freestone Grove Partners LP acquired a new stake in UMB Financial in the 4th quarter valued at approximately $48,235,000. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Trading Down 0.5%

NASDAQ:UMBF traded down $0.51 on Thursday, hitting $110.95. 123,559 shares of the stock were exchanged, compared to its average volume of 545,890. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.29 and a beta of 0.74. UMB Financial has a 52 week low of $82.00 and a 52 week high of $129.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. The company's 50-day moving average price is $104.13 and its 200 day moving average price is $105.48.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share 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 analysts' expectations of $555.79 million. During the same period in the previous year, the business posted $2.47 EPS. The company's quarterly revenue was up 41.4% compared to the same quarter last year. On average, equities research analysts forecast that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, June 10th. 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.