Keefe, Bruyette & Woods Issues Positive Forecast for UMB Financial (NASDAQ:UMBF) Stock Price

UMB Financial (NASDAQ:UMBF) had its target price increased by equities researchers at Keefe, Bruyette & Woods from $155.00 to $160.00 in a note issued to investors on Thursday, July 30th,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 10.34% from the company’s current price.

A number of other research analysts have also recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a report on Friday, July 24th. Piper Sandler reissued an “overweight” rating and issued a $181.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. TD Cowen boosted their price target on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Hovde Group boosted their price target on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Stephens initiated coverage on UMB Financial in a report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.00.

UMB Financial Stock Performance

Shares of UMB Financial stock traded down $0.85 during trading hours on Thursday, reaching $145.01. 100,099 shares of the stock traded hands, compared to its average volume of 624,063. The company has a 50 day moving average price of $143.63 and a 200 day moving average price of $130.28. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.72 and a beta of 0.77. UMB Financial has a one year low of $103.38 and a one year high of $153.32. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period in the previous year, the company posted $2.96 EPS. On average, equities research analysts expect that UMB Financial will post 13.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other UMB Financial news, insider Robert Brian Beaird sold 1,600 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $144.40, for a total value of $231,040.00. Following the transaction, the insider owned 8,943 shares of the company’s stock, valued at $1,291,369.20. This represents a 15.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nikki Farentino Newton sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total value of $297,200.00. Following the completion of the transaction, the insider directly owned 11,981 shares in the company, valued at $1,780,376.60. This trade represents a 14.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,171 shares of company stock worth $4,919,826 over the last ninety days. Corporate insiders own 5.33% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in shares of UMB Financial by 290.2% during the 1st quarter. Hsbc Holdings PLC now owns 13,355 shares of the bank’s stock worth $1,506,000 after purchasing an additional 9,932 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in shares of UMB Financial by 40.8% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 38,261 shares of the bank’s stock worth $4,402,000 after purchasing an additional 11,083 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of UMB Financial by 5,349.0% during the 4th quarter. Farther Finance Advisors LLC now owns 13,568 shares of the bank’s stock worth $1,561,000 after purchasing an additional 13,319 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of UMB Financial by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 614,037 shares of the bank’s stock worth $70,639,000 after purchasing an additional 9,147 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of UMB Financial by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock worth $328,200,000 after purchasing an additional 55,005 shares during the last quarter. 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.