Analysts Set UMB Financial Co. (NASDAQ:UMBF) PT at $115.00

Shares of UMB Financial Co. (NASDAQ:UMBF - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $115.00.

Several research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of UMB Financial from $102.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Barclays lifted their target price on shares of UMB Financial from $118.00 to $123.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a "buy" rating and a $127.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday.

UMB Financial Stock Down 1.3 %

NASDAQ UMBF traded down $1.45 during trading hours on Friday, reaching $108.28. 442,446 shares of the company's stock traded hands, compared to its average volume of 364,913. UMB Financial has a 52-week low of $64.48 and a 52-week high of $113.56. The firm has a market cap of $5.28 billion, a PE ratio of 13.54 and a beta of 0.78. The firm has a 50-day simple moving average of $105.14 and a 200 day simple moving average of $93.21. 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 - Get Free Report) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. The business had revenue of $716.44 million during the quarter, compared to analysts' expectations of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same period in the previous year, the company earned $2.02 earnings per share. Sell-side analysts anticipate that UMB Financial will post 9.09 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.48%. This is a positive change from UMB Financial's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial's payout ratio is 19.50%.

Insider Activity at UMB Financial

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

Hedge Funds Weigh In On UMB Financial

A number of hedge funds have recently modified their holdings of UMBF. Wedge Capital Management L L P NC purchased a new position in shares of UMB Financial in the second quarter worth $3,808,000. BNP Paribas Financial Markets raised its stake in UMB Financial by 35.0% during the first quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank's stock valued at $2,132,000 after purchasing an additional 6,351 shares in the last quarter. Vanguard Group Inc. raised its stake in UMB Financial by 9.2% during the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank's stock valued at $409,321,000 after purchasing an additional 394,578 shares in the last quarter. Sei Investments Co. raised its stake in UMB Financial by 9.4% during the first quarter. Sei Investments Co. now owns 170,363 shares of the bank's stock valued at $14,820,000 after purchasing an additional 14,674 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in UMB Financial by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank's stock valued at $140,968,000 after purchasing an additional 100,000 shares in the last quarter. 87.78% of the stock is currently owned by 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.