Morgan Stanley Has Lowered Expectations for UMB Financial (NASDAQ:UMBF) Stock Price

UMB Financial (NASDAQ:UMBF) had its price target lowered by investment analysts at Morgan Stanley from $156.00 to $146.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Morgan Stanley’s target price points to a potential upside of 43.96% from the stock’s previous close.

Several other research firms have also issued reports on UMBF. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Citigroup reissued a “neutral” rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Piper Sandler increased their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Finally, Barclays raised their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.71.

UMB Financial Stock Performance

Shares of UMBF stock opened at $101.42 on Thursday. UMB Financial has a one year low of $76.00 and a one year high of $129.94. The company has a 50 day moving average price of $112.03 and a 200 day moving average price of $112.33. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 11.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period last year, the company earned $2.29 earnings per share. Sell-side analysts anticipate that UMB Financial will post 9.66 EPS for the current year.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Covestor Ltd lifted its position in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares during the last quarter. USA Financial Formulas lifted its position in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after buying an additional 268 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of UMB Financial in the 3rd quarter worth about $83,000. Venturi Wealth Management LLC bought a new position in shares of UMB Financial in the 4th quarter worth about $96,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of UMB Financial in the 4th quarter worth about $103,000. 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.