UMB Financial (NASDAQ:UMBF) Given New $130.00 Price Target at Truist Financial

UMB Financial (NASDAQ:UMBF) had its price objective trimmed by Truist Financial from $150.00 to $130.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

Several other research firms also recently commented on UMBF. Keefe, Bruyette & Woods upped their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Royal Bank Of Canada set a $134.00 target price on shares of UMB Financial and gave the stock an “outperform” rating in a research note on Monday, January 12th. Weiss Ratings raised shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Citigroup raised their price objective on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, UMB Financial currently has an average rating of “Buy” and a consensus target price of $139.36.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $111.11 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day simple moving average of $121.68 and a two-hundred day simple moving average of $117.59. UMB Financial has a 1 year low of $82.00 and a 1 year high of $136.11. The company has a market capitalization of $8.46 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.78 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.37. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The business’s revenue was up 66.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 earnings per share. On average, analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. UMB Financial’s dividend payout ratio (DPR) is presently 18.84%.

Insider Activity

In related news, Director Greg M. Graves bought 220 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average cost of $127.83 per share, with a total value of $28,122.60. Following the completion of the purchase, the director directly owned 39,541 shares of the company’s stock, valued at $5,054,526.03. This trade represents a 0.56% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 15,214 shares of UMB Financial stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total transaction of $1,956,368.26. Following the sale, the chief executive officer owned 1,506,200 shares of the company’s stock, valued at approximately $193,682,258. The trade was a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 19,102 shares of company stock worth $2,458,247. 5.33% of the stock is currently owned by insiders.

Institutional Trading of UMB Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. purchased a new position in UMB Financial in the fourth quarter worth $27,000. Farther Finance Advisors LLC lifted its stake in UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in UMB Financial during the fourth quarter worth about $34,000. Torren Management LLC bought a new position in shares of UMB Financial during the 4th quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

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.