UMB Financial Corporation (NASDAQ:UMBF) Stock Has Average Target Price of $165.00

UMB Financial Corporation (NASDAQ:UMBF) has earned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $164.00.

UMBF has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on UMB Financial from $166.00 to $152.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a research report on Friday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. UBS Group assumed coverage on shares of UMB Financial in a report on Monday, September 14th. They set a “neutral” rating and a $155.00 price objective for the company. Finally, Raymond James Financial began coverage on shares of UMB Financial in a report on Thursday, August 27th. They issued an “outperform” rating and a $165.00 target price on the stock.

Insider Buying and Selling at UMB Financial

In related news, CEO J. Kemper sold 15,062 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the completion of the sale, the chief executive officer owned 1,491,138 shares in the company, valued at $221,508,549.90. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total value of $297,200.00. Following the completion of the sale, the insider directly owned 11,981 shares in the company, valued at $1,780,376.60. This trade represents a 14.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,544 shares of company stock worth $3,775,862 in the last ninety days. 5.33% of the stock is owned by insiders.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in UMB Financial in the 2nd quarter valued at $1,458,386,000. Dimensional Fund Advisors LP raised its position in shares of UMB Financial by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after buying an additional 55,005 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of UMB Financial during the second quarter valued at about $129,153,000. First Trust Advisors LP lifted its stake in shares of UMB Financial by 12.0% in the first quarter. First Trust Advisors LP now owns 899,400 shares of the bank’s stock valued at $101,443,000 after buying an additional 96,149 shares during the period. Finally, Norges Bank bought a new stake in shares of UMB Financial in the fourth quarter valued at about $85,885,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $129.80 on Friday. UMB Financial has a fifty-two week low of $68.92 and a fifty-two week high of $144.36. The business has a 50-day moving average of $141.51 and a two-hundred day moving average of $133.82. The stock has a market capitalization of $9.86 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.64 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The company had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the prior year, the company posted $2.96 EPS. On average, equities research analysts predict that UMB Financial will post 13.53 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, September 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. UMB Financial’s dividend payout ratio is presently 16.65%.

About UMB Financial

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to businesses, institutions, governments and individuals. The company traces its history to 1913 and has developed a regional banking franchise with additional capabilities serving customers nationwide.

UMB’s business activities include commercial and personal banking, treasury management, lending, deposit services and payment solutions.