UMB Financial (NASDAQ:UMBF) Stock Price Expected to Rise, Barclays Analyst Says

UMB Financial (NASDAQ:UMBF) had its price target raised by Barclays from $118.00 to $123.00 in a research report released on Thursday, Benzinga reports. They currently have an overweight rating on the bank’s stock.

Several other research analysts have also recently issued reports on UMBF. Wells Fargo & Company raised their target price on UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Piper Sandler upped their price target on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Citigroup began coverage on UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

UMB Financial Trading Down 1.3 %

Shares of NASDAQ:UMBF opened at $108.28 on Thursday. UMB Financial has a 1 year low of $64.48 and a 1 year high of $113.56. The stock’s fifty day moving average price is $105.14 and its 200-day moving average price is $93.31. The company has a market cap of $5.28 billion, a P/E ratio of 13.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.73.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $398.83 million. During the same period in the previous year, the business posted $2.02 earnings per share. Sell-side analysts expect that UMB Financial will post 9.09 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.48%. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is presently 19.50%.

Insider Buying and Selling at UMB Financial

In other news, EVP John Pauls sold 1,623 shares of UMB Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total value of $150,890.31. Following the sale, the executive vice president now directly owns 7,332 shares of the company’s stock, valued at approximately $681,656.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO J Mariner Kemper sold 10,115 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $93.00, for a total value of $940,695.00. Following the sale, the chief executive officer now directly owns 257,796 shares in the company, valued at $23,975,028. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Pauls sold 1,623 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $92.97, for a total transaction of $150,890.31. Following the completion of the transaction, the executive vice president now directly owns 7,332 shares of the company’s stock, valued at approximately $681,656.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,038 shares of company stock valued at $4,078,068 in the last 90 days. Insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UMBF. V Square Quantitative Management LLC bought a new stake in UMB Financial in the third quarter worth $26,000. Covestor Ltd raised its stake in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of UMB Financial during the 2nd quarter worth about $128,000. CWM LLC grew its holdings in UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after purchasing an additional 129 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in UMB Financial in the 3rd quarter worth about $203,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Company Profile

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.