UMB Financial (NASDAQ:UMBF) Given New $125.00 Price Target at Barclays

UMB Financial (NASDAQ:UMBF - Free Report) had its price objective cut by Barclays from $139.00 to $125.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the bank's stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley reduced their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada reissued a "sector perform" rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Piper Sandler upped their price target on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Citigroup reaffirmed a "neutral" rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.57.

UMB Financial Price Performance

UMB Financial stock traded down $1.74 during trading on Tuesday, reaching $86.40. The company had a trading volume of 1,333,853 shares, compared to its average volume of 513,234. The firm has a market capitalization of $6.28 billion, a PE ratio of 9.61 and a beta of 0.71. The firm's 50-day simple moving average is $103.23 and its 200 day simple moving average is $111.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period in the previous year, the business posted $2.29 EPS. As a group, equities research analysts anticipate that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.85%. UMB Financial's dividend payout ratio (DPR) is 17.80%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now owns 13,010 shares of the company's stock, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO J Mariner Kemper sold 3,500 shares of the business'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 transaction, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.45% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of UMB Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock valued at $537,494,000 after buying an additional 48,507 shares during the period. Wellington Management Group LLP grew its holdings in UMB Financial by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after acquiring an additional 102,104 shares in the last quarter. Geode Capital Management LLC increased its position in shares of UMB Financial by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank's stock valued at $117,139,000 after purchasing an additional 21,091 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after purchasing an additional 694,751 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of UMB Financial by 16.2% during the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock worth $71,900,000 after purchasing an additional 88,705 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

About UMB Financial

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.