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

Truist Financial started coverage on shares of UMB Financial (NASDAQ:UMBF - Get Free Report) in a note issued to investors on Tuesday. The brokerage set a "buy" rating and a $120.00 price target on the bank's stock. Truist Financial's price objective would indicate a potential upside of 11.27% from the stock's previous close.

UMBF has been the subject of several other reports. Piper Sandler restated an "overweight" rating and set a $137.00 price objective (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. Citigroup restated a "neutral" rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada lowered their price target on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Morgan Stanley reduced their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $120.33.

UMB Financial Stock Performance

Shares of UMBF stock traded up $0.57 during mid-day trading on Tuesday, reaching $107.85. The stock had a trading volume of 86,942 shares, compared to its average volume of 517,678. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The business's fifty day moving average is $97.26 and its 200-day moving average is $109.97. UMB Financial has a 1-year low of $78.56 and a 1-year high of $129.94. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 12.00 and a beta of 0.72.

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

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.45% of the company's stock.

Hedge Funds Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of UMB Financial by 278.8% during the third quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after acquiring an additional 170,375 shares in the last quarter. Ellenbecker Investment Group acquired a new position in shares of UMB Financial during the 4th quarter worth $212,000. Assenagon Asset Management S.A. acquired a new position in UMB Financial during the 4th quarter worth $1,443,000. Park Avenue Securities LLC bought a new stake in UMB Financial in the 4th quarter valued at $284,000. Finally, USA Financial Formulas lifted its stake in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after purchasing an additional 268 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

About UMB Financial

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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