UMB Financial (NASDAQ:UMBF) Given New $125.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company raised its price target for UMB Financial from $120.00 to $125.00, indicating a potential upside of 18.07% from the current price.
• Multiple analysts have varied ratings and price targets for UMB Financial, with Piper Sandler setting a target of $148.00 and Barclays raising it to $150.00, while others issued ratings from "sell" to "strong buy."
• UMB Financial's stock recently decreased by 3.7% to $105.87, despite reporting strong earnings that surpassed analysts' estimates.

UMB Financial (NASDAQ:UMBF - Get Free Report) had its price objective increased by equities researchers at Wells Fargo & Company from $120.00 to $125.00 in a report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the bank's stock. Wells Fargo & Company's target price indicates a potential upside of 18.07% from the company's current price.

A number of other equities analysts have also recently weighed in on the company. Piper Sandler upped their price target on UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday. Bank of America started coverage on UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price objective for the company. Royal Bank Of Canada upped their price target on UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research note on Thursday. Barclays upped their price target on UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Wall Street Zen cut UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.11.

UMB Financial Stock Down 3.7%

NASDAQ UMBF traded down $4.12 during midday trading on Friday, hitting $105.87. 34,614 shares of the company traded hands, compared to its average volume of 663,834. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $8.04 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.47 and a beta of 0.74. The company's 50-day simple moving average is $104.62 and its 200-day simple moving average is $104.23. UMB Financial has a 52 week low of $82.00 and a 52 week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%. The firm had revenue of $689.21 million during the quarter, compared to analysts' expectations of $638.25 million. During the same quarter last year, the firm earned $2.16 EPS. The business's quarterly revenue was up 76.7% on a year-over-year basis. As a group, equities research analysts forecast that UMB Financial will post 9.66 earnings per share for the current year.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the transaction, the chief executive officer owned 288,945 shares of the company's stock, valued at $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.45% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of UMB Financial by 21.1% during the 1st quarter. Bank of New York Mellon Corp now owns 546,483 shares of the bank's stock valued at $55,249,000 after buying an additional 95,339 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of UMB Financial by 27.4% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,367 shares of the bank's stock valued at $239,000 after purchasing an additional 509 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of UMB Financial by 96.3% in the 1st quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank's stock valued at $1,590,000 after purchasing an additional 7,715 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of UMB Financial by 2.8% in the 1st quarter. New York State Teachers Retirement System now owns 60,376 shares of the bank's stock valued at $6,104,000 after purchasing an additional 1,664 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in UMB Financial during the 4th quarter worth $2,190,000. Institutional investors and hedge funds 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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