Analysts Set UMB Financial Co. (NASDAQ:UMBF) Price Target at $130.14

UMB Financial Co. (NASDAQ:UMBF) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $130.14.

UMBF has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Citigroup reiterated a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Barclays increased their target price on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st.

UMB Financial Trading Down 1.1 %

Shares of UMB Financial stock opened at $112.94 on Monday. UMB Financial has a 12-month low of $76.00 and a 12-month high of $129.94. The firm’s 50 day simple moving average is $117.33 and its two-hundred day simple moving average is $110.92. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 12.56 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period last year, the business posted $2.29 earnings per share. Analysts predict that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.42%. UMB Financial’s payout ratio is currently 17.80%.

Insiders Place Their Bets

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the sale, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,681 shares of company stock valued at $3,201,798 in the last 90 days. 8.85% of the stock is owned by insiders.

Hedge Funds Weigh In On UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Truist Financial Corp increased its holdings in shares of UMB Financial by 0.4% during the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock worth $2,208,000 after buying an additional 83 shares during the last quarter. Covestor Ltd increased its stake in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the last quarter. Heritage Family Offices LLP raised its position in UMB Financial by 6.5% in the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after purchasing an additional 125 shares during the period. Commerce Bank lifted its stake in shares of UMB Financial by 0.3% in the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after purchasing an additional 142 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock worth $410,000 after purchasing an additional 186 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.