UMB Financial (NASDAQ:UMBF) Reaches New 1-Year High - Still a Buy?

UMB Financial Co. (NASDAQ:UMBF - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $109.52 and last traded at $109.52, with a volume of 58632 shares changing hands. The stock had previously closed at $105.53.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UMBF shares. Barclays boosted their price target on UMB Financial from $100.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Citigroup began coverage on shares of UMB Financial in a research report on Thursday. They set a "buy" rating and a $127.00 price target on the stock. Wells Fargo & Company upped their target price on UMB Financial from $90.00 to $107.00 and gave the company an "equal weight" rating in a research report on Thursday, August 1st. Finally, Piper Sandler increased their price target on shares of UMB Financial from $102.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $105.86.

UMB Financial Stock Up 3.3 %

The company has a market cap of $5.31 billion, a price-to-earnings ratio of 14.47 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73. The stock's fifty day moving average is $101.02 and its two-hundred day moving average is $90.32.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.15. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The business had revenue of $390.03 million during the quarter, compared to the consensus estimate of $384.96 million. During the same quarter in the prior year, the company posted $1.93 earnings per share. UMB Financial's revenue was up 7.2% compared to the same quarter last year. Sell-side analysts predict that UMB Financial Co. will post 8.98 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.43%. UMB Financial's dividend payout ratio is currently 20.72%.

Insider Activity at UMB Financial

In other UMB Financial news, EVP Amy Harris sold 736 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $95.05, for a total value of $69,956.80. Following the completion of the transaction, the executive vice president now owns 2,899 shares in the company, valued at $275,549.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Amy Harris sold 736 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $95.05, for a total value of $69,956.80. Following the sale, the executive vice president now directly owns 2,899 shares in the company, valued at approximately $275,549.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at $162,988,036.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,596 shares of company stock valued at $4,224,884. 8.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of UMB Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,807 shares of the bank's stock valued at $360,168,000 after purchasing an additional 44,150 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of UMB Financial by 20.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,366 shares of the bank's stock valued at $532,000 after acquiring an additional 1,080 shares during the period. Quadrature Capital Ltd purchased a new stake in UMB Financial in the 4th quarter worth $372,000. Tributary Capital Management LLC raised its stake in UMB Financial by 19.2% during the 1st quarter. Tributary Capital Management LLC now owns 197,606 shares of the bank's stock valued at $17,190,000 after purchasing an additional 31,832 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in UMB Financial by 3.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,905,072 shares of the bank's stock valued at $165,722,000 after acquiring an additional 63,022 shares in the last quarter. 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.