Barclays Forecasts Strong Price Appreciation for UMB Financial (NASDAQ:UMBF) Stock

UMB Financial (NASDAQ:UMBF) had its price target lifted by equities research analysts at Barclays from $123.00 to $139.00 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 indicates a potential upside of 11.24% from the company’s current price.

Several other equities analysts also recently commented on the stock. Royal Bank of Canada assumed coverage on shares of UMB Financial in a research note on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target for the company. Wells Fargo & Company upped their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 2nd. Citigroup initiated coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. Finally, Morgan Stanley initiated coverage on shares of UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

UMB Financial Stock Up 0.7 %

Shares of NASDAQ UMBF opened at $124.95 on Thursday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 15.62 and a beta of 0.80. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial has a 52-week low of $75.03 and a 52-week high of $129.94. The business’s 50 day moving average is $114.87 and its two-hundred day moving average is $100.17.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. The business had revenue of $716.44 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $2.02 earnings per share. Research analysts predict that UMB Financial will post 9.21 EPS for the current year.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Greg M. Graves bought 258 shares of the company’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $109.29 per share, with a total value of $28,196.82. Following the completion of the acquisition, the director now owns 36,244 shares of the company’s stock, valued at $3,961,106.76. This represents a 0.72 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 74,603 shares of company stock valued at $8,353,950 over the last ninety days. Corporate insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in shares of UMB Financial in the third quarter valued at approximately $26,000. Covestor Ltd grew its position in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after purchasing an additional 102 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial in the third quarter valued at approximately $83,000. 1620 Investment Advisors Inc. acquired a new stake in shares of UMB Financial in the second quarter valued at approximately $128,000. Finally, Acropolis Investment Management LLC acquired a new stake in UMB Financial during the third quarter worth approximately $156,000. 87.78% of the stock is owned by hedge funds and other 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.