Brokerages Set UMB Financial Co. (NASDAQ:UMBF) Price Target at $115.00

Shares of UMB Financial Co. (NASDAQ:UMBF) have earned a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $115.00.

Several equities analysts recently weighed in on the company. Piper Sandler increased their target price on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Barclays increased their price objective on shares of UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Wells Fargo & Company raised their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Citigroup began coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company.

UMB Financial Price Performance

UMB Financial stock opened at $107.96 on Friday. The stock has a market capitalization of $5.26 billion, a P/E ratio of 13.50 and a beta of 0.78. UMB Financial has a 12-month low of $65.48 and a 12-month high of $113.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.73. The firm’s 50-day moving average is $105.24 and its two-hundred day moving average is $93.51.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same period in the previous year, the company earned $2.02 EPS. Equities analysts predict that UMB Financial will post 9.09 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 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 1.48%. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s payout ratio is 20.00%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the transaction, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Kris A. Robbins sold 5,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total value of $512,500.00. Following the completion of the transaction, the director now directly owns 3,211 shares in the company, valued at approximately $329,127.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at $162,988,036.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,449 shares of company stock worth $5,724,799 over the last ninety days. 8.85% of the stock is owned by company insiders.

Institutional Trading of UMB Financial

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Millennium Management LLC increased its holdings in UMB Financial by 567.1% in the second quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock valued at $61,208,000 after buying an additional 623,751 shares during the last quarter. Vanguard Group Inc. raised its stake in UMB Financial by 9.2% during the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after buying an additional 394,578 shares in the last quarter. ProShare Advisors LLC lifted its holdings in UMB Financial by 102.7% during the 2nd quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock worth $62,780,000 after buying an additional 381,278 shares during the last quarter. Finally, Emerald Advisers LLC acquired a new position in shares of UMB Financial in the 3rd quarter worth approximately $12,867,000. 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.