UMB Financial (NASDAQ:UMBF) Price Target Cut to $130.00 by Analysts at Truist Financial

UMB Financial (NASDAQ:UMBF) had its price objective reduced by equities researchers at Truist Financial from $150.00 to $130.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Truist Financial’s price target suggests a potential upside of 14.30% from the company’s current price.

A number of other research analysts have also recently commented on the company. Weiss Ratings raised UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Piper Sandler boosted their price target on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $145.00 price target on shares of UMB Financial 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $139.36.

UMB Financial Trading Up 4.3%

UMB Financial stock traded up $4.69 during trading hours on Monday, reaching $113.73. 131,746 shares of the company’s stock traded hands, compared to its average volume of 551,373. UMB Financial has a fifty-two week low of $82.00 and a fifty-two week high of $136.11. The firm’s 50 day moving average is $121.83 and its 200-day moving average is $117.68. 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 firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.78 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 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The business had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. During the same quarter in the prior year, the company posted $2.49 earnings per share. The firm’s revenue was up 66.0% on a year-over-year basis. On average, analysts predict that UMB Financial will post 9.66 earnings per share for the current year.

Insider Activity

In other news, Director Greg M. Graves acquired 220 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average price of $127.83 per share, with a total value of $28,122.60. Following the completion of the purchase, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 15,214 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $128.59, for a total value of $1,956,368.26. Following the transaction, the chief executive officer owned 1,506,200 shares in the company, valued at approximately $193,682,258. This represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 19,102 shares of company stock valued at $2,458,247. Corporate insiders own 5.45% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Large investors have recently modified their holdings of the business. UMB Bank n.a. increased its position in UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after buying an additional 493,875 shares in the last quarter. State Street Corp lifted its holdings in UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after acquiring an additional 313,414 shares during the last quarter. Wellington Management Group LLP increased its stake in UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after acquiring an additional 751,525 shares during the last quarter. Dimensional Fund Advisors LP raised its position in UMB Financial by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,854,927 shares of the bank’s stock valued at $328,439,000 after purchasing an additional 22,100 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of UMB Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock worth $219,529,000 after buying an additional 33,078 shares during the period. Institutional investors own 87.78% of the company’s stock.

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.