Barclays Issues Positive Forecast for UMB Financial (NASDAQ:UMBF) Stock Price

UMB Financial (NASDAQ:UMBF) had its price objective hoisted by stock analysts at Barclays from $175.00 to $185.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Barclays‘s target price would indicate a potential upside of 35.16% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Truist Financial lowered their price objective on shares of UMB Financial from $170.00 to $156.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. JPMorgan Chase & Co. cut their price objective on shares of UMB Financial from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of UMB Financial in a report on Thursday, October 22nd. Royal Bank Of Canada dropped their price target on UMB Financial from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Finally, Citigroup decreased their price objective on UMB Financial from $162.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and an average target price of $161.64.

UMB Financial Stock Down 0.4%

Shares of NASDAQ:UMBF traded down $0.59 during trading on Tuesday, hitting $136.87. 28,507 shares of the company’s stock traded hands, compared to its average volume of 870,867. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $135.56 and a 200-day moving average price of $131.30. UMB Financial has a 52 week low of $68.92 and a 52 week high of $144.36. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.62 and a beta of 0.84.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 27th. The bank reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.34. The business had revenue of $772.39 million during the quarter, compared to analysts’ expectations of $744.81 million. UMB Financial had a return on equity of 14.07% and a net margin of 23.45%. UMB Financial’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.70 EPS. As a group, research analysts forecast that UMB Financial will post 13.79 EPS for the current fiscal year.

Insider Buying and Selling at UMB Financial

In related news, Director Greg Graves bought 573 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were acquired at an average price of $139.60 per share, with a total value of $79,990.80. Following the completion of the transaction, the director owned 40,463 shares in the company, valued at $5,648,634.80. The trade was a 1.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tamara Peterman bought 394 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $139.60 per share, for a total transaction of $55,002.40. Following the acquisition, the director directly owned 10,680 shares of the company’s stock, valued at $1,490,928. This represents a 3.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 1,892 shares of company stock valued at $271,664. Corporate insiders own 5.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UMBF. Boston Trust Walden Corp increased its holdings in UMB Financial by 123.1% in the 3rd quarter. Boston Trust Walden Corp now owns 441,538 shares of the bank’s stock valued at $57,404,000 after buying an additional 243,652 shares during the period. Provenance Wealth Advisors LLC bought a new stake in UMB Financial during the third quarter worth $315,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of UMB Financial by 1.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 14,909 shares of the bank’s stock valued at $1,938,000 after purchasing an additional 149 shares in the last quarter. Summit Global Investments acquired a new stake in shares of UMB Financial in the 3rd quarter valued at $632,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of UMB Financial by 68.8% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,100 shares of the bank’s stock worth $1,053,000 after buying an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.