Brokerages Set UMB Financial Co. (NASDAQ:UMBF) Target Price at $122.13

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $122.13.

Several equities analysts have commented on the stock. Piper Sandler increased their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Citigroup reaffirmed a "neutral" rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Morgan Stanley cut their price target on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Barclays cut their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th.

UMB Financial Trading Down 3.4 %

Shares of NASDAQ:UMBF traded down $3.31 during trading hours on Friday, hitting $94.51. 639,850 shares of the company's stock traded hands, compared to its average volume of 523,431. The business has a fifty day moving average price of $98.39 and a 200-day moving average price of $110.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial has a 1 year low of $77.00 and a 1 year high of $129.94. The firm has a market capitalization of $7.18 billion, a P/E ratio of 10.51 and a beta of 0.71.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The company had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. During the same quarter last year, the business posted $2.47 EPS. The firm's quarterly revenue was up 41.4% on a year-over-year basis. Equities analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMB Financial

Several large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of UMB Financial during the 4th quarter valued at about $2,190,000. US Bancorp DE increased its holdings in shares of UMB Financial by 46.9% in the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock worth $1,479,000 after buying an additional 4,182 shares during the last quarter. Principal Financial Group Inc. grew its position in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Inceptionr LLC purchased a new stake in UMB Financial during the fourth quarter valued at about $305,000. Finally, Vontobel Holding Ltd. lifted its position in UMB Financial by 107.8% in the 4th quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock worth $626,000 after buying an additional 2,877 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.