TD Cowen Has Lowered Expectations for UMB Financial (NASDAQ:UMBF) Stock Price

Key Points

• TD Cowen lowered its price target for UMB Financial from $166 to $152 but maintained a “buy” rating, implying roughly 16.8% upside from the stock’s $130.13 price.
• Analyst sentiment remains favorable, with UMB Financial receiving a consensus “Moderate Buy” rating and an average price target of $164 from 16 analysts.
• The bank reported stronger-than-expected quarterly results, with EPS of $3.57 versus the $3.12 consensus and revenue of $778 million; institutional investors own approximately 87.8% of shares.

UMB Financial (NASDAQ:UMBF - Get Free Report) had its price target decreased by analysts at TD Cowen from $166.00 to $152.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the bank's stock. TD Cowen's target price indicates a potential upside of 16.81% from the stock's current price.

A number of other brokerages have also recently commented on UMBF. Truist Financial set a $170.00 price target on UMB Financial and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Wells Fargo & Company dropped their price objective on UMB Financial from $160.00 to $147.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 29th. Keefe, Bruyette & Woods increased their price objective on UMB Financial from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Morgan Stanley cut their target price on shares of UMB Financial from $190.00 to $182.00 and set an "overweight" rating on the stock in a report on Monday, September 28th. Finally, UBS Group started coverage on shares of UMB Financial in a research note on Monday, September 14th. They issued a "neutral" rating and a $155.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, UMB Financial has an average rating of "Moderate Buy" and a consensus price target of $164.00.

UMB Financial Trading Down 0.6%

NASDAQ UMBF traded down $0.81 during trading on Monday, hitting $130.13. 102,395 shares of the company's stock traded hands, compared to its average volume of 892,786. The stock has a fifty day moving average of $141.73 and a two-hundred day moving average of $133.69. UMB Financial has a 12-month low of $68.92 and a 12-month high of $144.36. The firm has a market cap of $9.88 billion, a P/E ratio of 10.84, a PEG ratio of 0.64 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The firm had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the previous year, the business earned $2.96 earnings per share. As a group, sell-side analysts expect that UMB Financial will post 13.53 EPS for the current year.

Insider Activity

In related news, Director Susan Murphy sold 1,377 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $145.55, for a total transaction of $200,422.35. Following the transaction, the director owned 10,635 shares in the company, valued at $1,547,924.25. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tamara Peterman acquired 394 shares of the stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $139.60 per share, with a total value of $55,002.40. Following the completion of the acquisition, the director directly owned 10,680 shares of the company's stock, valued at $1,490,928. This trade represents a 3.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 25,544 shares of company stock worth $3,775,862. 5.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On UMB Financial

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in UMB Financial in the second quarter worth $1,458,386,000. Dimensional Fund Advisors LP lifted its position in UMB Financial by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank's stock valued at $328,200,000 after buying an additional 55,005 shares during the period. Bank of America Corp DE bought a new stake in shares of UMB Financial during the 2nd quarter valued at $129,153,000. First Trust Advisors LP boosted its holdings in shares of UMB Financial by 12.0% during the 1st quarter. First Trust Advisors LP now owns 899,400 shares of the bank's stock valued at $101,443,000 after buying an additional 96,149 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of UMB Financial in the 2nd quarter worth about $78,410,000. 87.78% of the stock is currently owned by institutional investors.

About UMB Financial

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to businesses, institutions, governments and individuals. The company traces its history to 1913 and has developed a regional banking franchise with additional capabilities serving customers nationwide.

UMB's business activities include commercial and personal banking, treasury management, lending, deposit services and payment solutions.

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