UMB Financial Corp. (NASDAQ:UMBF) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $58.97 and last traded at $58.71, with a volume of 44,904 shares traded. The stock had previously closed at $58.35.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of UMB Financial Corp. from a “sell” rating to a “hold” rating and set a $63.00 target price on the stock in a report on Thursday, April 28th. Keefe, Bruyette & Woods raised their price target on shares of UMB Financial Corp. from $52.00 to $53.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. Raymond James Financial Inc. upgraded shares of UMB Financial Corp. from an “underperform” rating to a “market perform” rating in a research report on Thursday, April 28th. Bank of America Corp. restated a “buy” rating and issued a $60.00 price target on shares of UMB Financial Corp. in a research report on Tuesday, May 24th. Finally, TheStreet upgraded shares of UMB Financial Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, May 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $60.50.

The firm’s 50 day moving average is $55.36 and its 200 day moving average is $53.39. The firm has a market cap of $2.90 billion and a price-to-earnings ratio of 22.88.

UMB Financial Corp. (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business had revenue of $242.70 million for the quarter, compared to analyst estimates of $240.10 million. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that UMB Financial Corp. will post $3.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be given a dividend of $0.245 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.98 annualized dividend and a yield of 1.68%.

In other UMB Financial Corp. news, insider Michael D. Hagedorn sold 13,769 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $57.57, for a total transaction of $792,681.33. Following the completion of the transaction, the insider now owns 64,660 shares in the company, valued at approximately $3,722,476.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Hagedorn sold 7,573 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $57.43, for a total transaction of $434,917.39. Following the transaction, the insider now owns 68,632 shares of the company’s stock, valued at approximately $3,941,535.76. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department purchased a new position in UMB Financial Corp. during the fourth quarter valued at about $1,522,000. California Public Employees Retirement System raised its position in UMB Financial Corp. by 1.4% in the fourth quarter. California Public Employees Retirement System now owns 84,639 shares of the company’s stock valued at $3,940,000 after buying an additional 1,200 shares during the last quarter. Principal Financial Group Inc. raised its position in UMB Financial Corp. by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 281,178 shares of the company’s stock valued at $13,089,000 after buying an additional 12,072 shares during the last quarter. Wells Fargo & Company MN raised its position in UMB Financial Corp. by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 683,755 shares of the company’s stock valued at $31,829,000 after buying an additional 69,427 shares during the last quarter. Finally, RS Investment Management Co. LLC raised its position in UMB Financial Corp. by 18.1% in the fourth quarter. RS Investment Management Co. LLC now owns 1,082,587 shares of the company’s stock valued at $50,394,000 after buying an additional 165,715 shares during the last quarter.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.