UMB Financial Co. (NASDAQ:UMBF) Receives $83.00 Consensus Price Target from Analysts

Posted by Defense World Staff on Apr 10th, 2023

UMB Financial Co. (NASDAQ:UMBF – Get Rating) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $83.00.

A number of equities analysts recently issued reports on UMBF shares. StockNews.com initiated coverage on shares of UMB Financial in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Janney Montgomery Scott lowered shares of UMB Financial from a “buy” rating to a “neutral” rating and set a $94.00 price objective for the company. in a research note on Thursday, January 26th. They noted that the move was a valuation call. Keefe, Bruyette & Woods lowered their target price on shares of UMB Financial from $90.00 to $74.00 and set a “market perform” rating for the company in a research note on Thursday. Piper Sandler upped their target price on shares of UMB Financial from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, January 26th. Finally, Raymond James decreased their price target on shares of UMB Financial from $104.00 to $73.00 and set an “outperform” rating for the company in a research note on Thursday.

UMB Financial Stock Up 0.1 %

Shares of UMB Financial stock opened at $58.25 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.14. UMB Financial has a twelve month low of $51.28 and a twelve month high of $99.19. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 6.57 and a beta of 0.76. The company’s 50 day moving average is $77.80 and its 200 day moving average is $82.07.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Friday, March 10th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, March 9th. UMB Financial’s payout ratio is 17.14%.

Insider Activity at UMB Financial

In other UMB Financial news, Director Kris A. Robbins purchased 500 shares of UMB Financial stock in a transaction dated Monday, March 13th. The shares were acquired at an average price of $57.12 per share, with a total value of $28,560.00. Following the completion of the transaction, the director now owns 2,910 shares of the company’s stock, valued at $166,219.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other UMB Financial news, Director Kris A. Robbins bought 500 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average price of $57.12 per share, for a total transaction of $28,560.00. Following the completion of the purchase, the director now directly owns 2,910 shares in the company, valued at $166,219.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Martin Dominic Karaba sold 1,111 shares of the company’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $91.52, for a total value of $101,678.72. Following the completion of the sale, the insider now directly owns 7,655 shares of the company’s stock, valued at $700,585.60. The disclosure for this sale can be found here. Insiders sold 9,503 shares of company stock worth $847,171 in the last three months. 9.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UMBF. State Street Corp raised its holdings in shares of UMB Financial by 81.2% in the 1st quarter. State Street Corp now owns 3,708,145 shares of the bank’s stock worth $361,563,000 after purchasing an additional 1,661,449 shares during the period. Norges Bank purchased a new position in UMB Financial in the 4th quarter valued at about $37,184,000. Goldman Sachs Group Inc. grew its stake in shares of UMB Financial by 104.4% during the second quarter. Goldman Sachs Group Inc. now owns 462,357 shares of the bank’s stock valued at $39,808,000 after acquiring an additional 236,176 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of UMB Financial by 21.7% in the third quarter. Boston Trust Walden Corp now owns 1,017,004 shares of the bank’s stock worth $85,723,000 after acquiring an additional 181,504 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of UMB Financial by 4.2% in the third quarter. Vanguard Group Inc. now owns 4,356,268 shares of the bank’s stock worth $367,190,000 after acquiring an additional 174,204 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.

UMB Financial Company Profile

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UMB Financial Corp. engages in the provision of bank and asset services. It operates through the following segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets, and treasury management needs of the company’s mid-market businesses and governmental entities by offering various products and services.