UMB Financial (NASDAQ:UMBF) Stock Price Expected to Rise, Barclays Analyst Says

UMB Financial (NASDAQ:UMBF) had its price objective lifted by equities research analysts at Barclays from $118.00 to $123.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Barclays‘s price target would suggest a potential upside of 13.59% from the stock’s current price.

A number of other analysts have also commented on the stock. Piper Sandler boosted their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Wells Fargo & Company increased 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 note on Thursday, August 1st. Finally, Citigroup began coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

UMB Financial Stock Down 1.3 %

UMB Financial stock opened at $108.28 on Thursday. The stock has a market capitalization of $5.28 billion, a PE ratio of 13.54 and a beta of 0.78. UMB Financial has a twelve month low of $64.48 and a twelve month high of $113.56. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $105.14 and a 200-day moving average of $93.12.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the prior year, the company earned $2.02 earnings per share. On average, equities research analysts anticipate that UMB Financial will post 8.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total transaction 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 $162,988,036.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Tuesday, October 1st. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Pauls sold 1,623 shares of UMB Financial stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total transaction of $150,890.31. Following the transaction, the executive vice president now directly owns 7,332 shares in the company, valued at $681,656.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,038 shares of company stock worth $4,078,068. 8.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMB Financial

Hedge funds have recently made changes to their positions in the business. CWM LLC raised its stake in UMB Financial by 7.1% in the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after acquiring an additional 129 shares during the period. Truist Financial Corp increased its position in shares of UMB Financial by 3.3% during the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock valued at $354,000 after buying an additional 136 shares during the period. Retirement Systems of Alabama increased its position 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 valued at $4,771,000 after buying an additional 144 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of UMB Financial by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock valued at $4,496,000 after buying an additional 200 shares during the period. Finally, Great Lakes Advisors LLC increased its position in shares of UMB Financial by 0.4% during the second quarter. Great Lakes Advisors LLC now owns 58,892 shares of the bank’s stock valued at $4,913,000 after buying an additional 210 shares during the period. 87.78% of the stock is currently owned by institutional investors.

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.