UMB Financial (NASDAQ:UMBF) Price Target Raised to $139.00 at Barclays

UMB Financial (NASDAQ:UMBF) had its price target raised by Barclays from $123.00 to $139.00 in a research note published on Thursday,Benzinga reports. Barclays currently has an overweight rating on the bank’s stock.

A number of other research analysts also recently commented on UMBF. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Royal Bank of Canada started coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target for the company. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. Wells Fargo & Company lifted their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Citigroup started coverage on UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and an average target price of $124.00.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $124.95 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a 50 day moving average price of $114.87 and a 200 day moving average price of $100.27. The stock has a market capitalization of $6.10 billion, a PE ratio of 15.62 and a beta of 0.80. UMB Financial has a 52 week low of $75.03 and a 52 week high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter in the prior year, the firm posted $2.02 EPS. Analysts predict that UMB Financial will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.00%.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,603 shares of company stock worth $8,353,950 in the last ninety days. 8.85% of the stock is owned by company insiders.

Institutional Trading of UMB Financial

A number of institutional investors have recently modified their holdings of UMBF. V Square Quantitative Management LLC acquired a new position in UMB Financial in the third quarter valued at about $26,000. Covestor Ltd raised its position in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of UMB Financial during the 3rd quarter worth approximately $83,000. Acropolis Investment Management LLC acquired a new stake in shares of UMB Financial during the 3rd quarter worth approximately $156,000. Finally, 1620 Investment Advisors Inc. bought a new position in UMB Financial in the second quarter valued at approximately $128,000. 87.78% of the stock is currently owned by 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.