UMB Financial (NASDAQ:UMBF) Price Target Lowered to $146.00 at Morgan Stanley

UMB Financial (NASDAQ:UMBF) had its price objective reduced by research analysts at Morgan Stanley from $156.00 to $146.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Morgan Stanley’s price objective would indicate a potential upside of 48.13% from the stock’s previous close.

UMBF has been the topic of several other reports. Piper Sandler lifted their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Barclays increased their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Citigroup reissued a “neutral” rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.71.

UMB Financial Stock Performance

NASDAQ:UMBF traded down $0.43 on Thursday, hitting $98.56. The stock had a trading volume of 128,610 shares, compared to its average volume of 453,729. The business’s 50-day simple moving average is $112.54 and its two-hundred day simple moving average is $112.44. UMB Financial has a 52-week low of $76.00 and a 52-week high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 10.96 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter in the previous year, the company earned $2.29 earnings per share. As a group, research analysts predict that UMB Financial will post 9.66 earnings per share for the current year.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after acquiring an additional 694,751 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in UMB Financial in the 3rd quarter valued at about $48,531,000. Freestone Grove Partners LP bought a new position in UMB Financial in the 4th quarter worth about $48,235,000. Captrust Financial Advisors raised its stake in shares of UMB Financial by 258.0% during the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after acquiring an additional 282,783 shares in the last quarter. Finally, Systematic Financial Management LP increased its holdings in UMB Financial by 438.8% during the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock worth $33,693,000 after purchasing an additional 261,055 shares during the period. 87.78% of the stock is currently owned by hedge funds and other 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.