UMB Financial (NASDAQ:UMBF) PT Raised to $90.00

UMB Financial (NASDAQ:UMBF) had its target price raised by equities researchers at Wells Fargo & Company from $88.00 to $90.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 12.77% from the stock’s previous close.

Several other equities analysts also recently issued reports on UMBF. Barclays upgraded shares of UMB Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $91.00 to $95.00 in a report on Tuesday. Raymond James raised their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods raised their price objective on shares of UMB Financial from $86.00 to $93.00 and gave the stock a “market perform” rating in a research note on Tuesday. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Finally, Piper Sandler raised their price objective on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

UMB Financial Trading Up 0.2 %

UMBF stock opened at $79.81 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. UMB Financial has a twelve month low of $50.68 and a twelve month high of $87.36. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 10.60 and a beta of 0.83. The firm’s fifty day simple moving average is $81.80 and its two-hundred day simple moving average is $77.97.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. The company had revenue of $370.80 million during the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a net margin of 14.59% and a return on equity of 14.59%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. As a group, analysts anticipate that UMB Financial will post 7.41 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 1,440 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the completion of the sale, the chief executive officer now owns 1,762,904 shares in the company, valued at $152,649,857.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Kevin Charles Gallagher sold 625 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $80.21, for a total transaction of $50,131.25. Following the sale, the director now directly owns 12,859 shares of the company’s stock, valued at $1,031,420.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 1,440 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $86.59, for a total value of $124,689.60. Following the completion of the transaction, the chief executive officer now owns 1,762,904 shares in the company, valued at approximately $152,649,857.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,277 shares of company stock worth $2,264,661. 8.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On UMB Financial

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new position in UMB Financial in the 1st quarter valued at $252,000. BNP Paribas Financial Markets grew its holdings 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 purchasing an additional 6,351 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of UMB Financial by 0.3% during the first 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 during the period. Principal Financial Group Inc. raised its position in UMB Financial by 14.9% during the first quarter. Principal Financial Group Inc. now owns 187,588 shares of the bank’s stock valued at $16,318,000 after purchasing an additional 24,379 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of UMB Financial by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the bank’s stock worth $1,096,000 after purchasing an additional 300 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

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.