UMB Financial (NASDAQ:UMBF) PT Raised to $90.00 at Wells Fargo & Company

UMB Financial (NASDAQ:UMBF) had its price objective increased by equities research analysts at Wells Fargo & Company from $88.00 to $90.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 10.88% from the stock’s previous close.

A number of other equities analysts 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 Saturday, March 16th. Raymond James raised their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Piper Sandler increased their price target on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods lifted their price objective on shares of UMB Financial from $86.00 to $93.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Barclays upgraded UMB Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $91.00 to $95.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

UMB Financial Stock Up 4.4 %

Shares of NASDAQ:UMBF traded up $3.42 during trading on Tuesday, reaching $81.17. The stock had a trading volume of 371,832 shares, compared to its average volume of 243,064. UMB Financial has a one year low of $50.68 and a one year high of $87.36. The firm’s 50-day simple moving average is $81.85 and its 200 day simple moving average is $77.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.96 billion, a P/E ratio of 11.29 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.53. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The firm had revenue of $370.80 million for the quarter, compared to the consensus estimate of $360.69 million. During the same period in the prior year, the firm earned $2.06 EPS. The firm’s revenue was up .0% on a year-over-year basis. As a group, research analysts expect that UMB Financial will post 7.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 1,440 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the completion of the sale, the chief executive officer now directly owns 1,762,904 shares in the company, valued at $152,649,857.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO J Mariner Kemper sold 1,440 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $86.59, for a total transaction of $124,689.60. Following the transaction, the chief executive officer now owns 1,762,904 shares of the company’s stock, valued at approximately $152,649,857.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Abigail M. Wendel sold 1,182 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the sale, the insider now owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The disclosure for this sale can be found here. Insiders have sold 27,277 shares of company stock valued at $2,264,661 in the last ninety days. 8.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UMB Financial

Several large investors have recently modified their holdings of UMBF. Bank of New York Mellon Corp lifted its position in UMB Financial by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 931,648 shares of the bank’s stock valued at $57,809,000 after buying an additional 47,349 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UMB Financial by 12.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,283 shares of the bank’s stock valued at $576,000 after acquiring an additional 1,034 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of UMB Financial by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,818,361 shares of the bank’s stock worth $112,829,000 after acquiring an additional 4,617 shares during the last quarter. AlphaMark Advisors LLC purchased a new position in shares of UMB Financial during the 3rd quarter worth approximately $234,000. Finally, WealthPlan Investment Management LLC boosted its position in shares of UMB Financial by 55,857.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 77,781 shares of the bank’s stock worth $4,826,000 after purchasing an additional 77,642 shares during the period. 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.