UMB Financial (NASDAQ:UMBF) Given New $143.00 Price Target at Piper Sandler

UMB Financial (NASDAQ:UMBF - Free Report) had its price target lifted by Piper Sandler from $142.00 to $143.00 in a report released on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the bank's stock.

Several other equities analysts have also weighed in on the stock. Morgan Stanley initiated coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an "overweight" rating and a $156.00 price objective on the stock. Royal Bank of Canada initiated coverage on shares of UMB Financial in a research report on Friday, November 22nd. They issued a "sector perform" rating and a $130.00 price target for the company. Citigroup assumed coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a "buy" rating and a $127.00 price objective on the stock. Wells Fargo & Company lifted 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, October 31st. Finally, Barclays upped their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, UMB Financial presently has a consensus rating of "Moderate Buy" and an average price target of $130.14.

UMB Financial Trading Down 3.5 %

Shares of NASDAQ UMBF traded down $4.15 during midday trading on Thursday, reaching $113.75. The stock had a trading volume of 631,413 shares, compared to its average volume of 858,437. The company's 50 day moving average price is $118.91 and its 200 day moving average price is $110.01. 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 twelve month low of $76.00 and a twelve month high of $129.94. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 12.67 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the company earned $2.29 EPS. As a group, sell-side analysts expect that UMB Financial will post 9.51 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's dividend payout ratio is presently 17.80%.

Insider Buying and Selling

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the sale, the chief executive officer now owns 1,552,304 shares in the company, valued at $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after acquiring an additional 694,751 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in UMB Financial during the third quarter valued at approximately $48,531,000. Captrust Financial Advisors lifted its position in UMB Financial by 258.0% during the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank's stock valued at $41,245,000 after purchasing an additional 282,783 shares during the last quarter. Systematic Financial Management LP grew its stake in UMB Financial by 438.8% in the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock worth $33,693,000 after buying an additional 261,055 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in shares of UMB Financial in the 3rd quarter worth $18,838,000. Institutional investors own 87.78% of the company's stock.

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.