Citigroup Reaffirms Neutral Rating for UMB Financial (NASDAQ:UMBF)

UMB Financial (NASDAQ:UMBF)‘s stock had its “neutral” rating reiterated by equities researchers at Citigroup in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a $127.00 price objective on the bank’s stock, down from their previous price objective of $130.00. Citigroup’s price target would suggest a potential upside of 10.83% from the company’s current price.

Several other research analysts also recently issued reports on UMBF. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective for the company. Piper Sandler raised 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, January 30th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Barclays raised their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $114.59 on Monday. The company’s 50 day moving average price is $118.39 and its two-hundred day moving average price is $110.28. The firm has a market capitalization of $5.59 billion, a P/E ratio of 12.75 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter last year, the company posted $2.29 EPS. On average, equities analysts forecast that UMB Financial will post 9.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now owns 5,828 shares of the company’s stock, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,681 shares of company stock valued at $3,201,798 over the last 90 days. Company insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds have recently added to or reduced their stakes in UMBF. Geode Capital Management LLC grew its position in UMB Financial by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after purchasing an additional 21,091 shares during the period. FMR LLC lifted its stake in shares of UMB Financial by 2.7% in the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after buying an additional 24,799 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of UMB Financial by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank’s stock worth $60,982,000 after acquiring an additional 24,124 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its position in UMB Financial by 1.7% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 552,159 shares of the bank’s stock valued at $58,037,000 after acquiring an additional 9,400 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

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.