UMB Financial (NASDAQ:UMBF) Stock Rating Upgraded by Stephens

UMB Financial (NASDAQ:UMBF) was upgraded by equities research analysts at Stephens to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings raised shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Citigroup boosted their target price on shares of UMB Financial from $138.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Barclays increased their target price on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Piper Sandler raised their target price on UMB Financial from $155.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Finally, Wells Fargo & Company lifted their price target on UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and an average price target of $152.17.

UMB Financial Price Performance

UMBF stock opened at $145.31 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a one year low of $103.38 and a one year high of $146.90. The firm has a market capitalization of $11.04 billion, a PE ratio of 12.89, a P/E/G ratio of 0.79 and a beta of 0.77. The firm has a 50-day moving average of $135.07 and a two-hundred day moving average of $125.72.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period last year, the company posted $2.58 earnings per share. On average, analysts forecast that UMB Financial will post 12.85 earnings per share for the current year.

Insider Activity

In related news, President James D. Rine sold 8,246 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the transaction, the president owned 61,446 shares in the company, valued at approximately $8,147,125.14. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the transaction, the director directly owned 12,223 shares in the company, valued at approximately $1,624,192.24. The trade was a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.33% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UMBF. Mercer Global Advisors Inc. ADV lifted its holdings in UMB Financial by 4.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of UMB Financial by 3.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock valued at $335,000 after purchasing an additional 108 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of UMB Financial by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after purchasing an additional 112 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of UMB Financial by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after buying an additional 125 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of UMB Financial by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock worth $450,000 after buying an additional 129 shares during the period. Institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.