UMB Financial (NASDAQ:UMBF) Upgraded by Stephens to “Strong-Buy” Rating

Stephens upgraded shares of UMB Financial (NASDAQ:UMBF) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on the company. Barclays upped their target price on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citigroup raised their price target on UMB Financial from $138.00 to $144.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Truist Financial upped their price objective on shares of UMB Financial from $140.00 to $161.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company increased their price objective on shares of UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Finally, TD Cowen lifted their target price on shares of UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.17.

UMB Financial Price Performance

NASDAQ UMBF opened at $145.31 on Tuesday. The firm’s fifty day simple moving average is $135.07 and its two-hundred day simple moving average is $125.72. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a 12-month low of $103.38 and a 12-month high of $146.90. The firm has a market capitalization of $11.04 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.79 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating the consensus estimate of $2.82 by $0.59. The firm had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 EPS. Analysts forecast that UMB Financial will post 12.85 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. UMB Financial’s payout ratio is currently 15.26%.

Insider Activity

In other UMB Financial news, President James D. Rine sold 8,246 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the sale, the president owned 61,446 shares in the company, valued at approximately $8,147,125.14. The trade was a 11.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 381 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares in the company, valued at $1,624,192.24. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors have recently bought and sold shares of the business. MBM Wealth Consultants LLC purchased a new stake in shares of UMB Financial in the 1st quarter valued at $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of UMB Financial during the fourth quarter worth $27,000. Axiom Investment Management LLC acquired a new position in UMB Financial during the first quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new position in UMB Financial during the fourth quarter valued at $34,000. Finally, Torren Management LLC purchased a new stake in UMB Financial in the fourth quarter valued at $37,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

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.