UMB Financial (NASDAQ:UMBF) Sets New 12-Month High – Still a Buy?

UMB Financial Corporation (NASDAQ:UMBF)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $141.63 and last traded at $141.0150, with a volume of 472 shares. The stock had previously closed at $94.42.

Analyst Ratings Changes

Several brokerages have recently weighed in on UMBF. Piper Sandler reiterated an “overweight” rating and set a $181.00 price objective (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Wells Fargo & Company set a $160.00 price objective on UMB Financial and gave the company an “equal weight” rating in a report on Monday, August 10th. Raymond James Financial assumed coverage on UMB Financial in a research report on Thursday. They set an “outperform” rating and a $165.00 target price on the stock. TD Cowen restated a “buy” rating and set a $166.00 price target (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.54.

UMB Financial Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $10.71 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.71 and a beta of 0.77. The company’s 50 day moving average price is $144.96 and its 200-day moving average price is $130.89.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period in the prior year, the company earned $2.96 earnings per share. Equities research analysts anticipate that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. UMB Financial’s dividend payout ratio is 14.32%.

Insider Buying and Selling

In other UMB Financial news, Director Susan G. Murphy sold 1,377 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $145.55, for a total transaction of $200,422.35. Following the sale, the director owned 10,635 shares of the company’s stock, valued at $1,547,924.25. The trade was a 11.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Brian Beaird sold 1,600 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $144.40, for a total value of $231,040.00. Following the sale, the insider owned 8,943 shares in the company, valued at approximately $1,291,369.20. The trade was a 15.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,171 shares of company stock worth $4,919,826 in the last 90 days. 5.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MBM Wealth Consultants LLC bought a new position in UMB Financial in the 1st quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new stake in UMB Financial in the fourth quarter valued at approximately $27,000. Axiom Investment Management LLC bought a new stake in UMB Financial during the first quarter valued at approximately $28,000. Hilton Head Capital Partners LLC purchased a new position in UMB Financial in the 4th quarter worth approximately $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of UMB Financial during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

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.