UMB Financial Corporation (NASDAQ:UMBF) Receives $145.55 Average PT from Analysts

Shares of UMB Financial Corporation (NASDAQ:UMBF) have earned an average recommendation of “Buy” from the thirteen research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $145.5455.

UMBF has been the subject of a number of research reports. Royal Bank Of Canada lifted their price objective on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Barclays boosted their price target on shares of UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Finally, TD Cowen boosted their price target on shares of UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th.

Institutional Trading of UMB Financial

Institutional investors have recently modified their holdings of the stock. MBM Wealth Consultants LLC purchased a new stake in shares of UMB Financial during the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of UMB Financial during the 4th quarter worth approximately $27,000. Axiom Investment Management LLC purchased a new stake in UMB Financial in the 1st quarter valued at $28,000. Hilton Head Capital Partners LLC purchased a new stake in UMB Financial in the 4th quarter valued at $34,000. Finally, Torren Management LLC purchased a new stake in UMB Financial in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF opened at $128.70 on Friday. UMB Financial has a 1-year low of $98.16 and a 1-year high of $136.11. The stock has a market cap of $9.78 billion, a PE ratio of 11.42, a P/E/G ratio of 0.86 and a beta of 0.78. The firm has a 50-day simple moving average of $123.93 and a two-hundred day simple moving average of $120.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 earnings per share. As a group, analysts forecast that UMB Financial will post 12.76 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 10th. UMB Financial’s payout ratio is currently 15.26%.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.