UMB Financial Corporation (NASDAQ:UMBF) Receives $132.11 Average Price Target from Analysts

Key Points

• UMB Financial Corporation has received a consensus recommendation of "Moderate Buy" from nine covering brokerages, with a 12-month average price target of $132.11.
• The company reported $2.96 earnings per share for the last quarter, exceeding the consensus estimate of $2.35, and had a year-over-year revenue increase of 76.7%.
• UMB Financial is set to pay a quarterly dividend of $0.40 on October 1st, with an annualized yield of 1.3%.

Shares of UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) have been given an average rating of "Moderate Buy" by the nine ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $132.1111.

A number of brokerages recently weighed in on UMBF. Truist Financial upped their price objective on UMB Financial from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Royal Bank Of Canada upped their price objective on UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Wells Fargo & Company upped their price objective on UMB Financial from $120.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Raymond James Financial upped their price objective on UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Finally, Piper Sandler upped their price objective on UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st.

Insider Activity at UMB Financial

In other UMB Financial news, insider Phillip James Mason sold 750 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $120.97, for a total transaction of $90,727.50. Following the sale, the insider directly owned 8,815 shares in the company, valued at approximately $1,066,350.55. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stacy H. King sold 1,500 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $118.88, for a total value of $178,320.00. Following the sale, the insider owned 9,472 shares in the company, valued at approximately $1,126,031.36. The trade was a 13.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,890 shares of company stock valued at $2,826,829 in the last 90 days. 5.45% of the stock is owned by corporate insiders.

Institutional Trading of UMB Financial

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in UMB Financial by 54.0% during the first quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock worth $741,342,000 after purchasing an additional 2,570,283 shares in the last quarter. State Street Corp lifted its position in shares of UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank's stock valued at $453,461,000 after acquiring an additional 313,414 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of UMB Financial by 78.3% in the first 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 in the last quarter. Wellington Management Group LLP lifted its position in shares of UMB Financial by 19.1% in the first 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. Finally, American Century Companies Inc. lifted its position in shares of UMB Financial by 7.7% in the first quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank's stock valued at $207,660,000 after acquiring an additional 146,585 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

UMBF traded down $0.35 during trading on Friday, reaching $121.90. The company's stock had a trading volume of 440,588 shares, compared to its average volume of 580,415. UMB Financial has a 52-week low of $82.00 and a 52-week high of $129.94. The company's fifty day moving average price is $110.10 and its 200-day moving average price is $103.94. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The company had revenue of $689.21 million for the quarter, compared to analyst estimates of $638.25 million. During the same quarter in the previous year, the company earned $2.16 EPS. The firm's revenue for the quarter was up 76.7% compared to the same quarter last year. On average, equities analysts forecast that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, September 10th. UMB Financial's payout ratio is presently 18.39%.

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.