Piper Jaffray Companies set a $74.00 target price on UMB Financial Corporation (NASDAQ:UMBF) in a research report released on Friday morning. The brokerage currently has a hold rating on the bank’s stock.

Several other research analysts have also weighed in on UMBF. Raymond James Financial, Inc. raised shares of UMB Financial Corporation from a market perform rating to an outperform rating in a research note on Thursday, August 10th. UBS AG raised shares of UMB Financial Corporation from a market perform rating to an outperform rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of UMB Financial Corporation from a strong-buy rating to a hold rating in a research note on Thursday, July 13th. Stephens set a $71.00 target price on shares of UMB Financial Corporation and gave the stock a hold rating in a research note on Wednesday, July 26th. Finally, BidaskClub lowered shares of UMB Financial Corporation from a hold rating to a sell rating in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. UMB Financial Corporation presently has an average rating of Hold and an average price target of $77.40.

Shares of UMB Financial Corporation (NASDAQ:UMBF) traded up 0.79% during trading on Friday, hitting $67.24. 225,789 shares of the stock traded hands. UMB Financial Corporation has a 12 month low of $57.31 and a 12 month high of $81.55. The stock has a market cap of $3.36 billion, a PE ratio of 19.43 and a beta of 0.86. The firm’s 50-day moving average price is $70.56 and its 200-day moving average price is $73.62.

UMB Financial Corporation (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 25th. The bank reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The company had revenue of $247.70 million for the quarter, compared to analysts’ expectations of $261.84 million. UMB Financial Corporation had a return on equity of 8.81% and a net margin of 16.59%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Analysts anticipate that UMB Financial Corporation will post $3.65 EPS for the current year.

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In other news, insider Michael D. Hagedorn sold 3,125 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $74.54, for a total value of $232,937.50. Following the completion of the transaction, the insider now owns 66,743 shares of the company’s stock, valued at $4,975,023.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alexander C. Kemper sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $74.65, for a total transaction of $186,625.00. Following the completion of the transaction, the director now directly owns 11,309 shares of the company’s stock, valued at approximately $844,216.85. The disclosure for this sale can be found here. In the last three months, insiders sold 27,225 shares of company stock valued at $2,043,235. Insiders own 10.09% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC raised its position in UMB Financial Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 76,519 shares of the bank’s stock valued at $5,901,000 after buying an additional 2,094 shares during the last quarter. Capstone Asset Management Co. raised its position in UMB Financial Corporation by 0.8% in the first quarter. Capstone Asset Management Co. now owns 3,833 shares of the bank’s stock valued at $289,000 after buying an additional 30 shares during the last quarter. Louisiana State Employees Retirement System raised its position in UMB Financial Corporation by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the bank’s stock valued at $836,000 after buying an additional 300 shares during the last quarter. Retirement Systems of Alabama raised its position in UMB Financial Corporation by 0.5% in the first quarter. Retirement Systems of Alabama now owns 56,588 shares of the bank’s stock valued at $4,262,000 after buying an additional 266 shares during the last quarter. Finally, Profund Advisors LLC raised its position in UMB Financial Corporation by 0.6% in the first quarter. Profund Advisors LLC now owns 10,183 shares of the bank’s stock valued at $767,000 after buying an additional 56 shares during the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

About UMB Financial Corporation

UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.

Analyst Recommendations for UMB Financial Corporation (NASDAQ:UMBF)

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