UMB Financial (NASDAQ:UMBF) Given New $143.00 Price Target at Morgan Stanley

UMB Financial (NASDAQ:UMBF) had its price target trimmed by Morgan Stanley from $156.00 to $143.00 in a report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the bank’s stock.

Several other research analysts have also commented on UMBF. Truist Financial cut their price target on UMB Financial from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Citigroup increased their price objective on UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a report on Thursday, January 29th. Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $138.18.

UMB Financial Stock Performance

Shares of UMBF stock opened at $112.79 on Tuesday. The stock’s 50-day moving average is $120.48 and its two-hundred day moving average is $117.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial has a 1 year low of $82.00 and a 1 year high of $136.11. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.79 and a beta of 0.78.

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

UMB Financial Dividend Announcement

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

Insider Buying and Selling at UMB Financial

In related news, Director Greg M. Graves bought 220 shares of the stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $127.83 per share, for a total transaction of $28,122.60. Following the purchase, the director 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 15,214 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total value of $1,956,368.26. Following the completion of the transaction, the chief executive officer directly owned 1,506,200 shares in the company, valued at approximately $193,682,258. The trade was a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 19,102 shares of company stock worth $2,458,247. 5.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UMB Financial

Several institutional investors have recently bought and sold shares of UMBF. Kemnay Advisory Services Inc. acquired a new stake in shares of UMB Financial in the 4th quarter worth $27,000. Farther Finance Advisors LLC increased its stake in shares of 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 acquiring an additional 171 shares during the period. Hilton Head Capital Partners LLC acquired a new position in shares of UMB Financial during the fourth quarter worth about $34,000. Torren Management LLC purchased a new position in UMB Financial during the fourth quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC raised its holdings in UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after purchasing an additional 267 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

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.