UMB Financial (NASDAQ:UMBF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

UMB Financial (NASDAQ:UMBF) had its target price boosted by equities research analysts at Keefe, Bruyette & Woods from $133.00 to $141.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 10.90% from the stock’s previous close.

UMBF has been the subject of several other reports. Weiss Ratings lowered shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Hovde Group started coverage on shares of UMB Financial in a research note on Monday, October 6th. They set an “outperform” rating for the company. Barclays reissued an “overweight” rating and issued a $160.00 price objective on shares of UMB Financial in a research report on Thursday. TD Cowen restated a “buy” rating on shares of UMB Financial in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada set a $134.00 price target on UMB Financial and gave the stock an “outperform” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and a consensus target price of $141.00.

UMB Financial Trading Down 0.1%

UMBF opened at $127.14 on Thursday. The stock has a 50-day moving average of $118.72 and a 200 day moving average of $115.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a 12 month low of $82.00 and a 12 month high of $129.98. The firm has a market cap of $9.66 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.01 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data 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 business had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a return on equity of 12.14% 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 period last year, the company earned $2.49 EPS. As a group, research analysts forecast that UMB Financial will post 9.66 EPS for the current year.

Insider Transactions at UMB Financial

In related news, Director Kevin Charles Gallagher sold 460 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $110.71, for a total value of $50,926.60. Following the completion of the sale, the director directly owned 12,090 shares of the company’s stock, valued at $1,338,483.90. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikki Farentino Newton sold 1,300 shares of the firm’s 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 transaction, the insider directly owned 13,667 shares in the company, valued at $1,449,932.03. This trade represents a 8.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 17,127 shares of company stock valued at $1,949,594. Insiders own 5.45% of the company’s stock.

Institutional Trading of UMB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of UMB Financial by 219.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Torren Management LLC bought a new position in UMB Financial in the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $43,000 after buying an additional 267 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of UMB Financial by 72.8% during the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after buying an additional 177 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of UMB Financial by 88.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock valued at $50,000 after buying an additional 199 shares in the last quarter. 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.