Morgan Stanley Forecasts Strong Price Appreciation for UMB Financial (NASDAQ:UMBF) Stock

UMB Financial (NASDAQ:UMBF) had its price target raised by stock analysts at Morgan Stanley from $154.00 to $156.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Morgan Stanley’s price objective indicates a potential upside of 32.50% from the company’s current price.

A number of other equities research analysts have also recently issued reports on UMBF. Royal Bank Of Canada set a $134.00 target price on UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Truist Financial set a $150.00 target price on shares of UMB Financial in a research note on Friday, January 30th. Weiss Ratings upgraded shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, Citigroup lifted their price target on UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $141.18.

UMB Financial Trading Up 0.1%

UMB Financial stock opened at $117.74 on Monday. UMB Financial has a 1 year low of $82.00 and a 1 year high of $136.11. The firm’s 50-day moving average is $123.50 and its 200-day moving average is $118.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $8.96 billion, a P/E ratio of 12.90, a PEG ratio of 0.85 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data 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. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million. During the same quarter in the prior year, the business earned $2.49 earnings per share. UMB Financial’s quarterly revenue was up 66.0% on a year-over-year basis. On average, equities analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Greg M. Graves purchased 220 shares of the stock in a transaction dated Monday, February 2nd. The shares were bought at an average cost of $127.83 per share, for a total transaction of $28,122.60. Following the transaction, the director owned 39,541 shares in the company, valued at $5,054,526.03. This trade represents a 0.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 388 shares of the business’s stock in a transaction on 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 sale, the director directly owned 12,488 shares in the company, valued at $1,614,698.40. This represents a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,469 shares of company stock valued at $4,218,998 over the last quarter. Corporate insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its position in UMB Financial by 3.1% in the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock worth $403,000 after acquiring an additional 101 shares in the last quarter. Mercer Global Advisors Inc. ADV grew 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 worth $295,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings 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 worth $335,000 after purchasing an additional 108 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in UMB Financial by 1.8% during the fourth 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 last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in UMB Financial by 0.8% during the third quarter. Quadrant Capital Group LLC now owns 16,560 shares of the bank’s stock worth $1,960,000 after buying an additional 129 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.