UMB Financial (NASDAQ:UMBF) Earns Buy Rating from Analysts at TD Cowen

Key Points

• TD Cowen initiated coverage of UMB Financial with a "buy" rating and set a price target of $151.00, indicating a potential upside of 27.01% from the current share price.
• UMB Financial reported quarterly earnings of $2.96 per share, surpassing the consensus estimate by $0.61 and showing a 76.7% increase in revenue year-over-year.
• Insiders have sold a significant amount of stock recently, with the most notable transaction being the sale of 20,845 shares worth $2,440,666 over the past three months.

Stock analysts at TD Cowen started coverage on shares of UMB Financial (NASDAQ:UMBF - Get Free Report) in a report released on Thursday,Benzinga reports. The brokerage set a "buy" rating and a $151.00 price target on the bank's stock. TD Cowen's price objective suggests a potential upside of 27.01% from the stock's current price.

Several other equities research analysts have also recently weighed in on the company. Barclays upped their price target on UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Royal Bank Of Canada raised their price target on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Piper Sandler lifted their target price on UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Raymond James Financial lifted their target price on UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. Finally, Truist Financial boosted their price target on UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.60.

UMB Financial Trading Up 0.1%

Shares of UMB Financial stock traded up $0.15 on Thursday, reaching $118.89. 107,031 shares of the company's stock were exchanged, compared to its average volume of 640,523. The company has a market capitalization of $9.03 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 1.37 and a beta of 0.77. The firm's 50-day moving average is $116.32 and its two-hundred day moving average is $106.04. UMB Financial has a 52 week low of $82.00 and a 52 week high of $129.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The company had revenue of $689.21 million during the quarter, compared to the consensus estimate of $638.25 million. During the same quarter in the prior year, the company earned $2.16 EPS. The firm's quarterly revenue was up 76.7% compared to the same quarter last year. Sell-side analysts predict that UMB Financial will post 9.66 EPS for the current fiscal year.

Insider Buying and Selling

In other UMB Financial news, insider Stacy H. King sold 1,500 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $118.88, for a total value of $178,320.00. Following the completion of the transaction, the insider directly owned 9,472 shares of the company's stock, valued at $1,126,031.36. This represents a 13.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shannon Andresen Johnson sold 1,367 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total transaction of $164,832.86. Following the sale, the insider owned 34,124 shares in the company, valued at approximately $4,114,671.92. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. Insiders own 5.45% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UMBF. Brooklyn Investment Group lifted its position in shares of UMB Financial by 4,840.0% during the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock worth $25,000 after purchasing an additional 242 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of UMB Financial by 442.0% during the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after buying an additional 221 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of UMB Financial during the first quarter worth approximately $27,000. McIlrath & Eck LLC bought a new stake in shares of UMB Financial during the first quarter worth approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in UMB Financial in the first quarter valued at approximately $35,000. 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.

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