UMB Financial Co. (NASDAQ:UMBF) Receives $130.14 Average Price Target from Brokerages

UMB Financial Co. (NASDAQ:UMBF) has received an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $130.14.

A number of equities research analysts have commented on the company. Citigroup reissued a “neutral” rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Morgan Stanley assumed coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective for the company. Finally, Barclays boosted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $103.07 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial has a twelve month low of $76.00 and a twelve month high of $129.94. The company has a fifty day moving average of $113.40 and a 200-day moving average of $112.57. The firm has a market capitalization of $5.03 billion, a P/E ratio of 11.46 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the company earned $2.29 EPS. As a group, sell-side analysts anticipate that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its holdings in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after purchasing an additional 102 shares during the period. USA Financial Formulas raised its stake in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the period. Point72 Asset Management L.P. purchased a new stake in UMB Financial during the third quarter valued at about $83,000. Venturi Wealth Management LLC bought a new position in UMB Financial during the fourth quarter worth about $96,000. Finally, Steward Partners Investment Advisory LLC bought a new position in UMB Financial during the fourth quarter worth about $103,000. 87.78% of the stock is 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.