UMB Financial (NASDAQ:UMBF) Now Covered by JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. initiated coverage on shares of UMB Financial (NASDAQ:UMBF) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $180.00 price target on the bank’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 24.12% from the company’s current price.

A number of other research analysts also recently commented on UMBF. Stephens started coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 target price on the stock. Hovde Group raised their target price on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. TD Cowen reissued a “buy” rating and set a $166.00 target price (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Barclays reaffirmed an “overweight” rating and issued a $175.00 price objective (up from $170.00) on shares of UMB Financial in a research report on Monday, August 3rd. Finally, Zacks Research downgraded shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and a consensus target price of $165.00.

UMB Financial Stock Down 0.6%

NASDAQ UMBF traded down $0.84 during trading on Thursday, reaching $145.02. 114,305 shares of the company’s stock traded hands, compared to its average volume of 624,207. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.72 and a beta of 0.77. The company’s 50 day simple moving average is $143.63 and its two-hundred day simple moving average is $130.28. UMB Financial has a 12-month low of $103.38 and a 12-month high of $153.32.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. The business had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter last year, the firm posted $2.96 EPS. As a group, sell-side analysts forecast that UMB Financial will post 13.48 EPS for the current fiscal year.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 15,062 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the sale, the chief executive officer owned 1,491,138 shares of the company’s stock, valued at approximately $221,508,549.90. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan G. Murphy sold 1,377 shares of UMB Financial stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $145.55, for a total transaction of $200,422.35. Following the sale, the director owned 10,635 shares of the company’s stock, valued at approximately $1,547,924.25. The trade was a 11.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,171 shares of company stock worth $4,919,826 in the last 90 days. 5.33% of the stock is owned by insiders.

Institutional Trading of UMB Financial

Several institutional investors and hedge funds have recently bought and sold shares of UMBF. Mercer Global Advisors Inc. ADV lifted its stake in shares of 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 period. Steward Partners Investment Advisory LLC lifted its stake in shares of 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 during the period. Concurrent Investment Advisors LLC lifted its stake in shares of UMB Financial by 1.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after purchasing an additional 112 shares during the period. Greenleaf Trust lifted its stake in shares of UMB Financial by 4.7% in the 2nd quarter. Greenleaf Trust now owns 2,506 shares of the bank’s stock valued at $358,000 after purchasing an additional 113 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of UMB Financial by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock valued at $820,000 after purchasing an additional 125 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.