TD Cowen Issues Pessimistic Forecast for UMB Financial (NASDAQ:UMBF) Stock Price

UMB Financial (NASDAQ:UMBF) had its price objective cut by equities research analysts at TD Cowen from $149.00 to $142.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. TD Cowen’s price target would suggest a potential upside of 15.48% from the stock’s current price.

Other analysts also recently issued reports about the stock. Morgan Stanley upped their price objective on shares of UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Wells Fargo & Company boosted their target price on shares of UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Hovde Group began coverage on shares of UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating on the stock. Royal Bank Of Canada raised UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 price target on the stock in a research report on Thursday, November 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $145.00 price objective (down previously from $148.00) on shares of UMB Financial in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.50.

UMB Financial Stock Up 2.3%

Shares of UMBF stock opened at $122.96 on Wednesday. UMB Financial has a fifty-two week low of $82.00 and a fifty-two week high of $126.14. The firm has a market capitalization of $9.34 billion, a PE ratio of 13.93, a P/E/G ratio of 1.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day simple moving average is $113.67 and its 200-day simple moving average is $113.77.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The firm had revenue of $678.34 million during the quarter, compared to the consensus estimate of $661.60 million. During the same quarter in the previous year, the company posted $2.25 earnings per share. The company’s revenue was up 67.0% compared to the same quarter last year. Equities analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 15,367 shares of UMB Financial stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the sale, the chief executive officer directly owned 1,521,414 shares in the company, valued at approximately $174,323,616.12. The trade was a 1.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Greg M. Graves acquired 264 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $106.41 per share, with a total value of $28,092.24. Following the completion of the purchase, the director owned 38,411 shares in the company, valued at $4,087,314.51. This represents a 0.69% increase in their position. The SEC filing for this purchase provides additional information. 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 corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UMBF. State Street Corp boosted its stake in UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after purchasing an additional 313,414 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of UMB Financial by 32.0% in the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after buying an additional 751,525 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in UMB Financial by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock worth $335,264,000 after acquiring an additional 94,451 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in UMB Financial by 3.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank’s stock valued at $213,688,000 after acquiring an additional 63,147 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in UMB Financial by 6.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock valued at $194,173,000 after acquiring an additional 119,319 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

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.