Brokerages Set UMB Financial Corporation (NASDAQ:UMBF) Price Target at $137.20

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $137.20.

Several brokerages have commented on UMBF. Wells Fargo & Company raised their target price on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Morgan Stanley raised their price objective on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Hovde Group started coverage on UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 target price (down previously from $148.00) on shares of UMB Financial in a research report on Thursday, October 30th. Finally, Cowen assumed coverage on UMB Financial in a research report on Wednesday, September 24th. They set a “buy” rating on the stock.

Insider Activity at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 460 shares of UMB Financial stock in a transaction on Monday, November 10th. The shares were sold at an average price of $110.71, for a total transaction of $50,926.60. Following the completion of the sale, the director owned 12,090 shares of the company’s stock, valued at $1,338,483.90. This trade represents a 3.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nikki Farentino Newton sold 1,300 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total transaction of $137,917.00. Following the completion of the transaction, the insider directly owned 13,667 shares in the company, valued at $1,449,932.03. This trade represents a 8.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,127 shares of company stock valued at $1,949,594 over the last ninety days. 5.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of UMBF. Farther Finance Advisors LLC increased its holdings in UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after buying an additional 171 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of UMB Financial during the 1st quarter worth $29,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of UMB Financial by 143.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock valued at $37,000 after purchasing an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in UMB Financial by 193.5% in the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after purchasing an additional 267 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in UMB Financial by 72.8% in the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after purchasing an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $119.73 on Thursday. The company has a market capitalization of $9.09 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.08 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a fifty day moving average of $112.95 and a 200-day moving average of $113.41. UMB Financial has a one year low of $82.00 and a one year high of $126.14.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The company had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. During the same period in the previous year, the firm earned $2.25 earnings per share. UMB Financial’s revenue for the quarter was up 67.0% compared to the same quarter last year. As a group, equities analysts anticipate that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th were issued a $0.43 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s dividend payout ratio is currently 19.48%.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.