UMB Financial (NASDAQ:UMBF) Price Target Raised to $156.00

UMB Financial (NASDAQ:UMBF) had its price target hoisted by Morgan Stanley from $154.00 to $156.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Morgan Stanley’s target price would suggest a potential upside of 32.25% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Piper Sandler lifted their price objective on shares of UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Truist Financial set a $150.00 price target on UMB Financial in a research report on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research note on Thursday, January 29th. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $145.00 price target on shares of UMB Financial in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, UMB Financial currently has an average rating of “Buy” and a consensus price target of $141.18.

UMB Financial Stock Up 1.8%

NASDAQ:UMBF traded up $2.08 during mid-day trading on Monday, hitting $117.96. 172,577 shares of the company’s stock traded hands, compared to its average volume of 527,954. The company has a fifty day moving average of $123.57 and a 200 day moving average of $118.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial has a twelve month low of $82.00 and a twelve month high of $136.11. The company has a market capitalization of $8.96 billion, a P/E ratio of 12.94, a P/E/G ratio of 0.83 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.37. The business had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The company’s quarterly revenue was up 66.0% on a year-over-year basis. During the same quarter last year, the company earned $2.49 earnings per share. On average, analysts forecast that UMB Financial will post 9.66 EPS for the current year.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 15,367 shares of UMB Financial 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 transaction, the chief executive officer owned 1,521,414 shares of the company’s stock, valued at approximately $174,323,616.12. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 388 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the completion of the transaction, the director directly owned 12,488 shares of the company’s stock, valued at $1,614,698.40. The trade was a 3.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 34,469 shares of company stock valued at $4,218,998. Corporate insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UMBF. Sequoia Financial Advisors LLC raised its holdings in shares of UMB Financial by 3.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock valued at $403,000 after acquiring an additional 101 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake 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 valued at $295,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in UMB Financial by 3.9% in the 4th 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 in the last quarter. Concurrent Investment Advisors LLC boosted its stake in UMB Financial by 1.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock worth $739,000 after purchasing an additional 112 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in UMB Financial by 0.8% during 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 last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

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.