Stephens Upgrades UMB Financial (NASDAQ:UMBF) to Strong-Buy

UMB Financial (NASDAQ:UMBF) was upgraded by stock analysts at Stephens to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on UMBF. Citigroup upped their price objective on UMB Financial from $138.00 to $144.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. TD Cowen lifted their target price on UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Truist Financial boosted their target price on shares of UMB Financial from $140.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Hovde Group raised their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Piper Sandler raised their price target on shares of UMB Financial from $155.00 to $161.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Two equities research analysts have 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.17.

UMB Financial Stock Up 1.9%

UMB Financial stock opened at $145.31 on Tuesday. The business has a fifty day moving average of $135.07 and a two-hundred day moving average of $125.72. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $11.04 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.79 and a beta of 0.77. UMB Financial has a twelve month low of $103.38 and a twelve month high of $146.90.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. During the same quarter last year, the firm earned $2.58 EPS. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts forecast that UMB Financial will post 12.85 earnings per share for the current fiscal year.

Insider Activity

In other UMB Financial news, Director Kevin Charles Gallagher sold 381 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the transaction, the director owned 12,223 shares in the company, valued at approximately $1,624,192.24. This represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President James D. Rine sold 8,246 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the transaction, the president directly owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. This represents a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.33% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several hedge funds have recently made changes to their positions in UMBF. MBM Wealth Consultants LLC purchased a new position in UMB Financial in the 1st quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new stake in UMB Financial during the 4th quarter worth about $27,000. Axiom Investment Management LLC purchased a new stake in UMB Financial during the 1st quarter valued at about $28,000. Hilton Head Capital Partners LLC purchased a new stake in UMB Financial during the 4th quarter valued at about $34,000. Finally, Torren Management LLC acquired a new position in shares of UMB Financial in the fourth quarter valued at about $37,000. 87.78% of the stock is owned by institutional investors and hedge funds.

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.