UMB Financial (NASDAQ:UMBF) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

UMB Financial (NASDAQ:UMBF) had its price target raised by Wells Fargo & Company from $107.00 to $120.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.82% from the company’s previous close.

A number of other research analysts have also weighed in on UMBF. Barclays increased their price target on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup initiated coverage on UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. Finally, Piper Sandler increased their target price on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.00.

UMB Financial Stock Performance

UMBF opened at $108.28 on Thursday. The stock has a market cap of $5.28 billion, a P/E ratio of 13.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $105.14 and its 200 day simple moving average is $93.12. UMB Financial has a 1-year low of $64.48 and a 1-year high of $113.56.

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

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 10,115 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $93.00, for a total transaction of $940,695.00. Following the completion of the sale, the chief executive officer now directly owns 257,796 shares in the company, valued at $23,975,028. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John Pauls sold 1,623 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total transaction of $150,890.31. Following the completion of the sale, the executive vice president now directly owns 7,332 shares in the company, valued at $681,656.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 10,115 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $93.00, for a total value of $940,695.00. Following the sale, the chief executive officer now owns 257,796 shares of the company’s stock, valued at $23,975,028. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,038 shares of company stock worth $4,078,068. Corporate insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Hedge funds have recently bought and sold shares of the company. State of Michigan Retirement System increased its holdings in UMB Financial by 2.9% in the first quarter. State of Michigan Retirement System now owns 10,741 shares of the bank’s stock valued at $934,000 after buying an additional 300 shares during the last quarter. Retirement Systems of Alabama increased its holdings in UMB Financial by 0.3% in 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 last quarter. BNP Paribas Financial Markets increased its holdings in UMB Financial by 35.0% in the first quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock valued at $2,132,000 after buying an additional 6,351 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in UMB Financial in the first quarter valued at about $252,000. Finally, Mutual of America Capital Management LLC increased its holdings in UMB Financial by 8.4% in the first quarter. Mutual of America Capital Management LLC now owns 107,703 shares of the bank’s stock valued at $9,369,000 after buying an additional 8,380 shares during the last quarter. 87.78% of the stock is currently 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.