UMB Financial (NASDAQ:UMBF) Price Target Raised to $123.00

UMB Financial (NASDAQ:UMBF) had its target price lifted by analysts at Barclays from $118.00 to $123.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Barclays‘s target price points to a potential upside of 11.19% from the company’s previous close.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Piper Sandler upped their price objective on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Citigroup began coverage on UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.83.

UMB Financial Stock Down 0.5 %

Shares of NASDAQ UMBF traded down $0.52 during midday trading on Thursday, hitting $110.62. 164,830 shares of the stock traded hands, compared to its average volume of 359,026. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73. The business has a 50 day moving average price of $104.82 and a two-hundred day moving average price of $92.80. UMB Financial has a one year low of $61.99 and a one year high of $113.56. The company has a market cap of $5.39 billion, a PE ratio of 13.84 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.09. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. During the same period in the prior year, the company posted $2.02 earnings per share. On average, equities analysts predict that UMB Financial will post 8.98 EPS for the current year.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the transaction, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert Brian Beaird sold 698 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $93.19, for a total value of $65,046.62. Following the transaction, the insider now owns 6,682 shares in the company, valued at approximately $622,695.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,596 shares of company stock worth $4,224,884. 8.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System boosted its position in UMB Financial by 2.9% during the 1st quarter. State of Michigan Retirement System now owns 10,741 shares of the bank’s stock valued at $934,000 after acquiring an additional 300 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of UMB Financial by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock worth $4,771,000 after acquiring an additional 144 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in UMB Financial by 35.0% during the first quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock worth $2,132,000 after acquiring an additional 6,351 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of UMB Financial during the first quarter valued at approximately $252,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of UMB Financial by 8.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 107,703 shares of the bank’s stock worth $9,369,000 after purchasing an additional 8,380 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Company Profile

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.