Barclays Boosts UMB Financial (NASDAQ:UMBF) Price Target to $100.00

UMB Financial (NASDAQ:UMBF) had its price objective hoisted by Barclays from $95.00 to $100.00 in a report published on Monday, Benzinga reports. They currently have an overweight rating on the bank’s stock.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods raised UMB Financial from a market perform rating to an outperform rating and increased their price target for the company from $93.00 to $98.00 in a research note on Friday, May 31st. Wells Fargo & Company upped their price objective on UMB Financial from $88.00 to $90.00 and gave the company an equal weight rating in a research report on Tuesday, April 30th. Finally, StockNews.com upgraded UMB Financial from a sell rating to a hold rating in a research report on Saturday, March 16th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, UMB Financial presently has a consensus rating of Moderate Buy and an average target price of $93.67.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $81.27 on Monday. The stock has a 50-day simple moving average of $81.97 and a two-hundred day simple moving average of $81.73. UMB Financial has a 52-week low of $57.84 and a 52-week high of $87.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $3.96 billion, a PE ratio of 10.79 and a beta of 0.81.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Monday, April 29th. The bank reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.62. The firm had revenue of $405.19 million during the quarter, compared to analyst estimates of $369.80 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. Analysts forecast that UMB Financial will post 8.41 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be paid a $0.39 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.56 annualized dividend and a yield of 1.92%. UMB Financial’s dividend payout ratio (DPR) is currently 20.72%.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 2,302 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $80.72, for a total transaction of $185,817.44. Following the sale, the chief executive officer now owns 1,722,404 shares of the company’s stock, valued at approximately $139,032,450.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 17,572 shares of company stock valued at $1,477,281 over the last quarter. 8.85% of the stock is owned by corporate insiders.

Institutional Trading of UMB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. acquired a new stake in shares of UMB Financial in the 4th quarter worth $28,000. Jones Financial Companies Lllp acquired a new stake in shares of UMB Financial in the 3rd quarter worth $199,000. MQS Management LLC acquired a new stake in shares of UMB Financial in the 3rd quarter worth $217,000. Mackenzie Financial Corp acquired a new stake in shares of UMB Financial in the 4th quarter worth $228,000. Finally, Quadrant Capital Group LLC boosted its position in shares of UMB Financial by 42.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock worth $229,000 after purchasing an additional 819 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

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.