UMB Financial (NASDAQ:UMBF) Reaches New 12-Month High at $86.35

UMB Financial Co. (NASDAQ:UMBF)’s share price reached a new 52-week high on Thursday . The stock traded as high as $86.35 and last traded at $86.30, with a volume of 41537 shares changing hands. The stock had previously closed at $85.61.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent research reports. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Raymond James lifted their target price on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Piper Sandler lifted their price target on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Finally, Barclays started coverage on shares of UMB Financial in a research report on Friday, March 8th. They set an “equal weight” rating and a $91.00 target price for the company. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

UMB Financial Trading Up 1.6 %

The stock’s fifty day moving average price is $81.31 and its 200 day moving average price is $74.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $4.24 billion, a P/E ratio of 11.92 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The business had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $360.69 million. During the same quarter last year, the company earned $2.06 EPS. The business’s revenue was up .0% on a year-over-year basis. Research analysts forecast that UMB Financial Co. will post 7.29 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, March 8th. UMB Financial’s dividend payout ratio is currently 21.73%.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 252,114 shares of the company’s stock, valued at $20,950,673.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the company’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 sale, the chief executive officer now owns 252,114 shares of the company’s stock, valued at $20,950,673.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the completion of the sale, the insider now owns 15,217 shares of the company’s stock, valued at approximately $1,228,011.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,667 shares of company stock valued at $1,187,393. 8.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors have recently made changes to their positions in the business. Assetmark Inc. acquired a new stake in shares of UMB Financial in the fourth quarter valued at $28,000. Captrust Financial Advisors increased its holdings in shares of UMB Financial by 93.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank’s stock valued at $95,000 after acquiring an additional 536 shares during the last quarter. Headlands Technologies LLC bought a new stake in UMB Financial during the 3rd quarter valued at approximately $74,000. KBC Group NV lifted its position in shares of UMB Financial by 142.2% during the 4th quarter. KBC Group NV now owns 1,434 shares of the bank’s stock worth $120,000 after buying an additional 842 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in UMB Financial during the 1st quarter valued at $216,000. 87.78% of the stock is owned by institutional investors and hedge funds.

About UMB Financial

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.