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

Shares of UMB Financial Co. (NASDAQ:UMBF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $129.35 and last traded at $128.66, with a volume of 16208 shares changing hands. The stock had previously closed at $125.00.

Wall Street Analyst Weigh In

UMBF has been the topic of several research analyst reports. Barclays boosted their price objective on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Morgan Stanley initiated coverage on shares of UMB Financial in a research report on Thursday. They set an “overweight” rating and a $156.00 price target for the company. Royal Bank of Canada started coverage on shares of UMB Financial in a research report on Friday. They issued a “sector perform” rating and a $130.00 price objective on the stock. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Wells Fargo & Company upped their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.00.

UMB Financial Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.24 billion, a PE ratio of 16.12 and a beta of 0.78. The business has a fifty day simple moving average of $110.81 and a two-hundred day simple moving average of $97.47.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. During the same period in the previous year, the company posted $2.02 earnings per share. Research analysts forecast that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a $0.40 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is 20.00%.

Insider Activity at UMB Financial

In related news, insider Robert Brian Beaird sold 854 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 directly owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the transaction, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,303 shares of company stock worth $5,830,165. 8.85% of the stock is owned by insiders.

Institutional Trading of UMB Financial

Several institutional investors and hedge funds have recently made changes to their positions in UMBF. Coldstream Capital Management Inc. purchased a new position in shares of UMB Financial in the third quarter worth $218,000. Geode Capital Management LLC grew its holdings in UMB Financial by 1.9% in the third 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 period. Barclays PLC raised its position in UMB Financial by 278.8% during the third quarter. Barclays PLC now owns 231,482 shares of the bank’s stock worth $24,329,000 after acquiring an additional 170,375 shares during the period. MML Investors Services LLC acquired a new stake in UMB Financial during the 3rd quarter worth $208,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of UMB Financial in the third quarter valued at approximately $1,120,000. 87.78% of the stock is currently 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.