UMB Financial (NASDAQ:UMBF) Earns “Sector Perform” Rating from Royal Bank of Canada

UMB Financial (NASDAQ:UMBF)‘s stock had its “sector perform” rating reaffirmed by Royal Bank of Canada in a report released on Thursday,Benzinga reports. They currently have a $128.00 price target on the bank’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 8.57% from the company’s previous close.

Several other analysts have also weighed in on UMBF. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Piper Sandler lifted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley assumed coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective on the stock. Citigroup assumed coverage on UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. Finally, Barclays upped their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.63.

UMB Financial Stock Performance

Shares of UMBF opened at $117.90 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $118.91 and its two-hundred day simple moving average is $109.83. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The stock has a market capitalization of $5.75 billion, a P/E ratio of 13.11 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.90% and a net margin of 15.76%. During the same quarter last year, the business posted $2.29 EPS. As a group, analysts predict that UMB Financial will post 9.4 EPS for the current year.

Insider Transactions at UMB Financial

In related news, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors have recently added to or reduced their stakes in UMBF. V Square Quantitative Management LLC bought a new position in shares of UMB Financial during the 3rd quarter worth approximately $26,000. Covestor Ltd increased its position in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. USA Financial Formulas lifted its holdings in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares during the period. Point72 Asset Management L.P. bought a new stake in UMB Financial during the third quarter worth $83,000. Finally, Venturi Wealth Management LLC purchased a new position in UMB Financial in the fourth quarter worth $96,000. 87.78% of the stock is owned by 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.