Analysts Set UMB Financial Co. (NASDAQ:UMBF) PT at $122.00

Shares of UMB Financial Co. (NASDAQ:UMBF) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $122.00.

A number of research analysts have commented on UMBF shares. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Monday. Morgan Stanley started coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective for the company. Royal Bank of Canada assumed coverage on UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock. Citigroup assumed coverage on UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. Finally, Barclays raised their price objective on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st.

Insider Activity

In related news, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Greg M. Graves purchased 258 shares of the company’s stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now owns 36,244 shares in the company, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 55,303 shares of company stock worth $5,830,165 over the last 90 days. 8.85% of the stock is currently owned by corporate insiders.

Institutional Trading of UMB Financial

Several large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in shares of UMB Financial in the 3rd quarter valued at about $26,000. Covestor Ltd boosted its position in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial during the 3rd quarter worth approximately $83,000. 1620 Investment Advisors Inc. purchased a new position in shares of UMB Financial during the 2nd quarter valued at approximately $128,000. Finally, Acropolis Investment Management LLC acquired a new position in shares of UMB Financial in the 3rd quarter valued at $156,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Up 1.1 %

Shares of NASDAQ UMBF opened at $126.05 on Wednesday. UMB Financial has a 52-week low of $73.54 and a 52-week high of $129.94. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 15.76 and a beta of 0.80. The stock has a 50 day moving average price of $113.58 and a 200 day moving average price of $99.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share 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 return on equity of 13.80% and a net margin of 14.44%. During the same period in the prior year, the business earned $2.02 EPS. Sell-side analysts expect that UMB Financial will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio (DPR) is currently 19.50%.

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.