UMB Financial (NASDAQ:UMBF) Price Target Raised to $185.00

UMB Financial (NASDAQ:UMBF) had its target price boosted by investment analysts at Barclays from $175.00 to $185.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Barclays‘s price objective points to a potential upside of 35.16% from the stock’s current price.

Several other research firms also recently issued reports on UMBF. Truist Financial lowered their price objective on UMB Financial from $170.00 to $156.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Keefe, Bruyette & Woods lifted their target price on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of UMB Financial in a research report on Thursday, October 22nd. Morgan Stanley dropped their price target on shares of UMB Financial from $190.00 to $182.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. Finally, UBS Group began coverage on shares of UMB Financial in a report on Monday, September 14th. They set a “neutral” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.64.

UMB Financial Price Performance

Shares of NASDAQ UMBF traded down $0.59 during midday trading on Tuesday, reaching $136.87. 28,507 shares of the company were exchanged, compared to its average volume of 870,867. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.04. UMB Financial has a one year low of $68.92 and a one year high of $144.36. The stock has a market cap of $10.40 billion, a P/E ratio of 10.37, a PEG ratio of 0.62 and a beta of 0.84. The stock’s 50-day moving average price is $135.56 and its 200-day moving average price is $131.30.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 27th. The bank reported $3.56 EPS for the quarter, beating the consensus estimate of $3.22 by $0.34. UMB Financial had a return on equity of 14.07% and a net margin of 23.45%. The firm had revenue of $772.39 million during the quarter, compared to the consensus estimate of $744.81 million. During the same period last year, the company earned $2.70 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts anticipate that UMB Financial will post 13.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Gallagher sold 370 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $134.82, for a total transaction of $49,883.40. Following the transaction, the director directly owned 11,493 shares in the company, valued at approximately $1,549,486.26. This represents a 3.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tamara Peterman acquired 394 shares of UMB Financial stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of $139.60 per share, with a total value of $55,002.40. Following the transaction, the director owned 10,680 shares in the company, valued at approximately $1,490,928. This trade represents a 3.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 1,892 shares of company stock worth $271,664. Company insiders own 5.33% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Large investors have recently bought and sold shares of the stock. First National Bank of Omaha acquired a new position in shares of UMB Financial during the second quarter valued at about $1,053,000. Bank of America Corp DE acquired a new stake in shares of UMB Financial in the 2nd quarter valued at about $129,153,000. BlackRock Inc. bought a new stake in UMB Financial in the 2nd quarter valued at about $1,458,386,000. Freestone Grove Partners LP bought a new stake in UMB Financial in the 2nd quarter valued at about $7,161,000. Finally, Ceredex Value Advisors LLC bought a new stake in UMB Financial in the 2nd quarter valued at about $14,112,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

About UMB Financial

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.