UMB Financial (NASDAQ:UMBF) Given New $141.00 Price Target at Keefe, Bruyette & Woods

UMB Financial (NASDAQ:UMBF) had its target price hoisted by research analysts at Keefe, Bruyette & Woods from $133.00 to $141.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 13.11% from the stock’s current price.

Several other research analysts also recently commented on UMBF. Citigroup restated a “neutral” rating on shares of UMB Financial in a research report on Thursday. Hovde Group began coverage on UMB Financial in a report on Monday, October 6th. They set an “outperform” rating for the company. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a research note on Wednesday, January 7th. Weiss Ratings downgraded UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $137.91.

UMB Financial Stock Down 0.2%

Shares of NASDAQ UMBF opened at $124.66 on Thursday. The stock has a market capitalization of $9.47 billion, a P/E ratio of 14.12, a PEG ratio of 1.01 and a beta of 0.78. The stock’s fifty day moving average is $117.90 and its 200 day moving average is $115.54. UMB Financial has a 52 week low of $82.00 and a 52 week high of $129.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. The firm had revenue of $469.80 million for the quarter, compared to the consensus estimate of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.36%. The business’s revenue for the quarter was up 66.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.49 earnings per share. Sell-side analysts forecast that UMB Financial will post 9.66 earnings per share for the current fiscal year.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Greg M. Graves purchased 264 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $106.41 per share, for a total transaction of $28,092.24. Following the completion of the acquisition, the director owned 38,411 shares in the company, valued at approximately $4,087,314.51. This trade represents a 0.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 15,367 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $114.58, for a total value of $1,760,750.86. Following the completion of the sale, the chief executive officer owned 1,521,414 shares of the company’s stock, valued at $174,323,616.12. The trade was a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 17,127 shares of company stock valued at $1,949,594. 5.45% of the stock is owned by insiders.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors have recently made changes to their positions in the stock. Truist Financial Corp raised its position in shares of UMB Financial by 0.5% during the second quarter. Truist Financial Corp now owns 20,426 shares of the bank’s stock worth $2,148,000 after acquiring an additional 97 shares during the last quarter. OLD National Bancorp IN increased its position in UMB Financial by 0.4% during the 2nd quarter. OLD National Bancorp IN now owns 22,834 shares of the bank’s stock valued at $2,401,000 after purchasing an additional 100 shares during the period. Sequoia Financial Advisors LLC raised its holdings in UMB Financial by 3.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock worth $403,000 after purchasing an additional 101 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of UMB Financial by 0.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 16,560 shares of the bank’s stock worth $1,960,000 after purchasing an additional 129 shares during the period. Finally, Signaturefd LLC lifted its position in shares of UMB Financial by 3.6% in the 4th quarter. Signaturefd LLC now owns 4,165 shares of the bank’s stock worth $479,000 after purchasing an additional 144 shares during the period. Institutional investors own 87.78% of the company’s stock.

About UMB Financial

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.