UMB Financial (NASDAQ:UMBF) Given New $90.00 Price Target at Wells Fargo & Company

UMB Financial (NASDAQ:UMBF) had its price target boosted by Wells Fargo & Company from $88.00 to $90.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the bank’s stock.

Several other brokerages have also recently commented on UMBF. Piper Sandler raised their target price on UMB Financial from $87.50 to $99.00 and gave the stock an overweight rating in a research report on Thursday, February 1st. StockNews.com raised UMB Financial from a sell rating to a hold rating in a research report on Saturday, March 16th. Barclays raised UMB Financial from an equal weight rating to an overweight rating and raised their target price for the stock from $91.00 to $95.00 in a research report on Tuesday. Raymond James lifted their price objective on UMB Financial from $80.00 to $102.00 and gave the company a strong-buy rating in a report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on UMB Financial from $86.00 to $93.00 and gave the company a market perform rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $92.00.

UMB Financial Stock Up 2.5 %

UMBF opened at $79.66 on Tuesday. UMB Financial has a 1-year low of $50.68 and a 1-year high of $87.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 11.09 and a beta of 0.83. The business has a 50 day moving average of $81.82 and a 200-day moving average of $77.95.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, topping the consensus estimate of $1.76 by $0.53. The firm had revenue of $370.80 million during the quarter, compared to analysts’ expectations of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. UMB Financial’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $2.06 earnings per share. As a group, sell-side analysts anticipate that UMB Financial will post 7.41 earnings per share for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.96%. UMB Financial’s dividend payout ratio (DPR) is presently 21.73%.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $83.10, for a total value of $290,850.00. Following the completion of the sale, the chief executive officer now directly owns 252,114 shares in the company, valued at $20,950,673.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP John Pauls sold 1,440 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total value of $114,494.40. Following the completion of the sale, the executive vice president now directly owns 8,496 shares in the company, valued at $675,516.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $83.10, for a total value of $290,850.00. Following the completion of the sale, the chief executive officer now owns 252,114 shares of the company’s stock, valued at $20,950,673.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,277 shares of company stock worth $2,264,661. 8.85% of the stock is owned by corporate insiders.

Institutional Trading of UMB Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in UMB Financial by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock worth $4,771,000 after purchasing an additional 144 shares during the last quarter. US Bancorp DE raised its holdings in UMB Financial by 1.4% during the 4th quarter. US Bancorp DE now owns 12,358 shares of the bank’s stock worth $1,033,000 after purchasing an additional 169 shares during the last quarter. Arizona State Retirement System raised its holdings in UMB Financial by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,121 shares of the bank’s stock worth $814,000 after purchasing an additional 178 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in UMB Financial by 5.1% during the 4th quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank’s stock worth $331,000 after purchasing an additional 194 shares during the last quarter. Finally, Kavar Capital Partners Group LLC raised its holdings in UMB Financial by 2.8% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 7,302 shares of the bank’s stock worth $453,000 after purchasing an additional 200 shares during the last quarter. 87.78% of the stock is 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.