Analysts have set a target price for UMB Financial Co. (NASDAQ:UMBF) at $102.33

VaselineOctober 11, 2024

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Shares of UMB Financial Co. (NASDAQ:UMBF – Get Your Free Report ) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $105.86.

Several equities research analysts recently commented on UMBF shares. Wells Fargo & Company raised their price objective on UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Piper Sandler raised their target price on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Barclays boosted their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Citigroup began coverage on shares of UMB Financial in a report on Thursday. They issued a “buy” rating and a $127.00 target price on the stock.

Read the latest stock analysis on UMB Financial

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In other news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This represents a 0.00 % decrease in ownership of the shares. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO J Mariner Kemper sold 24,300 shares of the company’s 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 transaction, the chief executive officer now directly owns 1,600,904 shares in the company, valued at $162,988,036.24. The transaction represented a decrease of 0.00 % in the stock holding. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.50, for a total value of $512,500.00. Following the sale, the director now directly owns 3,211 shares in the company, valued at $329,127.50. This trade represents a 0.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,596 shares of company stock worth $4,224,884. Company insiders own 8.85% of the company’s shares.

Hedge funds influence UMB Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 1620 Investment Advisors Inc. bought a new position in shares of UMB Financial during the 2nd quarter valued at approximately $128,000. CWM LLC grew its holdings in UMB Financial by 7.1% in the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after buying an additional 129 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in UMB Financial in the 1st quarter valued at about $252,000. SG Americas Securities LLC boosted its holdings in shares of UMB Financial by 69.5% during the third quarter. SG Americas Securities LLC now owns 2,478 shares of the bank’s stock worth $260,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in shares of UMB Financial by 6.7% in the second quarter. Profund Advisors LLC now owns 3,493 shares of the bank’s stock valued at $291,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 87.78% of the company’s shares.

UMB financial stock increased by 0.5%

NASDAQ:UMBF opened at $105.53 on Tuesday. 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 firm has a market cap of $5.14 billion, a P/E ratio of 14.01 and a beta of 0.78. UMB Financial has a fifty-two week low of $58.92 and a fifty-two week high of $109.42. The firm has a 50 day simple moving average of $101.02 and a two hundred day simple moving average of $90.32.

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

Announcement regarding UMB financial dividends

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a dividend of $1.56 on an annualized basis and a dividend yield of 1.48%. UMB Financial’s payout ratio is currently 20.72%.

About UMB Financial

(Get a free report

UMB Financial Corporation operates as a bank holding company that provides banking and asset servicing services in the United States and internationally. The Commercial Banking segment offers commercial loans and credit cards; commercial real estate financing; letters of credit; loan syndication and advisory services; various business solutions, including asset-backed loans, mezzanine debt and minority equity investments; and treasury management service such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic funds transfer and automatic payment, controlled payments, blocking service and capture service of remote storage.