Keefe, Bruyette & Woods Increases UMB Financial (NASDAQ:UMBF) Price Target to $141.00

UMB Financial (NASDAQ:UMBF) had its price objective boosted by investment analysts at Keefe, Bruyette & Woods from $133.00 to $141.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 13.11% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Weiss Ratings cut UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Citigroup reissued a “neutral” rating on shares of UMB Financial in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 target price (down previously from $148.00) on shares of UMB Financial in a research report on Thursday, October 30th. TD Cowen reissued a “buy” rating on shares of UMB Financial in a research report on Wednesday, January 7th. Finally, Barclays restated an “overweight” rating and issued a $160.00 price objective on shares of UMB Financial in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $137.91.

UMB Financial Trading Down 0.2%

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 P/E/G ratio of 1.01 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07. UMB Financial has a 12 month low of $82.00 and a 12 month high of $129.98. The firm’s fifty day simple moving average is $117.90 and its 200 day simple moving average is $115.54.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 12.36% and a net margin of 16.90%.The company’s revenue for the quarter was up 66.0% on a year-over-year basis. During the same quarter last year, the business posted $2.49 EPS. As a group, research analysts anticipate that UMB Financial will post 9.66 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Greg M. Graves acquired 264 shares of UMB Financial stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of $106.41 per share, with a total value of $28,092.24. Following the completion of the transaction, the director directly owned 38,411 shares in the company, valued at $4,087,314.51. This trade represents a 0.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nikki Farentino Newton sold 1,300 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total transaction of $137,917.00. Following the completion of the transaction, the insider directly owned 13,667 shares in the company, valued at $1,449,932.03. The trade was a 8.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,127 shares of company stock worth $1,949,594. Company insiders own 5.45% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

A number of large investors have recently made changes to their positions in UMBF. Farther Finance Advisors LLC boosted its stake in UMB Financial by 219.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after purchasing an additional 171 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after buying an additional 267 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of UMB Financial by 72.8% in the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after acquiring an additional 177 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of UMB Financial by 88.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock valued at $50,000 after acquiring an additional 199 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in UMB Financial by 168.6% during the third quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock worth $89,000 after acquiring an additional 472 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.