UMB Financial (NASDAQ:UMBF) Price Target Raised to $138.00 at Raymond James Financial

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UMB Financial (NASDAQ:UMBF - Get Free Report) had its target price hoisted by stock analysts at Raymond James Financial from $135.00 to $138.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "strong-buy" rating on the bank's stock. Raymond James Financial's target price points to a potential upside of 27.32% from the company's current price.

Several other brokerages also recently weighed in on UMBF. Bank of America initiated coverage on UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price for the company. Wells Fargo & Company boosted their price target on UMB Financial from $110.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Barclays reiterated an "overweight" rating and issued a $150.00 price target (up previously from $140.00) on shares of UMB Financial in a research note on Thursday. Truist Financial boosted their price target on UMB Financial from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada cut their price target on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.11.

UMB Financial Stock Down 1.5%

Shares of NASDAQ UMBF traded down $1.60 on Thursday, hitting $108.39. The company had a trading volume of 855,112 shares, compared to its average volume of 547,012. UMB Financial has a 12-month low of $82.00 and a 12-month high of $129.94. The business has a 50 day moving average of $104.71 and a two-hundred day moving average of $104.26. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $8.23 billion, a P/E ratio of 12.46, a PEG ratio of 1.46 and a beta of 0.74.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its 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 business earned $2.16 earnings per share. The company's revenue was up 76.7% compared to the same quarter last year. As a group, equities research analysts forecast that UMB Financial will post 9.66 earnings per share for the current fiscal year.

Insider Transactions at UMB Financial

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

Institutional Trading of UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group raised its stake in UMB Financial by 4,840.0% during the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock valued at $25,000 after buying an additional 242 shares in the last quarter. Rothschild Investment LLC raised its position in shares of UMB Financial by 442.0% during the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after purchasing an additional 221 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of UMB Financial during the 1st quarter worth approximately $27,000. McIlrath & Eck LLC acquired a new stake in shares of UMB Financial during the 1st quarter worth approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of UMB Financial during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 87.78% of the company's stock.

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.