Analysts Set UMB Financial Corporation (UMBF) Price Target at $75.50

UMB Financial Corporation (NASDAQ:UMBF) has been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $75.50.

Several brokerages have recently weighed in on UMBF. Raymond James Financial upgraded UMB Financial from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. Zacks Investment Research cut shares of UMB Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $74.00 price target on shares of UMB Financial in a research report on Friday, October 6th. Finally, UBS raised shares of UMB Financial from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th.

In other news, insider Kevin M. Macke sold 1,332 shares of UMB Financial stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total transaction of $100,566.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy R. Murphy purchased 1,500 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average cost of $67.50 per share, for a total transaction of $101,250.00. Following the acquisition, the director now owns 4,049 shares of the company’s stock, valued at approximately $273,307.50. The disclosure for this purchase can be found here. Company insiders own 10.09% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UMBF. Nuance Investments LLC raised its holdings in shares of UMB Financial by 1,227.7% during the third quarter. Nuance Investments LLC now owns 550,158 shares of the bank’s stock valued at $40,981,000 after buying an additional 508,722 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of UMB Financial by 48.2% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 739,900 shares of the bank’s stock valued at $55,389,000 after buying an additional 240,575 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of UMB Financial by 33.6% during the second quarter. Eagle Asset Management Inc. now owns 789,143 shares of the bank’s stock valued at $59,075,000 after acquiring an additional 198,343 shares during the period. Hillcrest Asset Management LLC acquired a new position in shares of UMB Financial during the second quarter valued at approximately $11,525,000. Finally, Wells Fargo & Company MN increased its stake in shares of UMB Financial by 14.2% during the third quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock valued at $71,101,000 after acquiring an additional 118,896 shares during the period. 83.00% of the stock is currently owned by institutional investors.

Shares of UMB Financial (NASDAQ:UMBF) traded down $0.84 during trading on Thursday, hitting $74.32. The stock had a trading volume of 343,142 shares, compared to its average volume of 183,832. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $3,706.12, a P/E ratio of 20.20, a PEG ratio of 2.43 and a beta of 0.83. UMB Financial has a 12 month low of $62.27 and a 12 month high of $81.55.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $245.20 million during the quarter, compared to the consensus estimate of $257.76 million. UMB Financial had a return on equity of 9.03% and a net margin of 17.05%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. sell-side analysts expect that UMB Financial will post 3.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.275 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.10 dividend on an annualized basis and a yield of 1.48%. This is a boost from UMB Financial’s previous quarterly dividend of $0.26. UMB Financial’s dividend payout ratio (DPR) is currently 28.41%.

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About UMB Financial

UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.

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