UMB Financial's (UMBF) Overweight Rating Reiterated at Piper Sandler

UMB Financial (NASDAQ:UMBF - Get Free Report)'s stock had its "overweight" rating reiterated by Piper Sandler in a research report issued on Friday,Benzinga reports. They currently have a $137.00 price target on the bank's stock, up from their prior price target of $132.00. Piper Sandler's target price indicates a potential upside of 36.54% from the stock's previous close.

Several other research analysts have also recently issued reports on the company. Bank of America started coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price objective on the stock. Citigroup reiterated a "neutral" rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Barclays dropped their price objective on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company raised their target price on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Morgan Stanley cut their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $120.38.

UMB Financial Price Performance

NASDAQ:UMBF traded up $2.56 during trading hours on Friday, reaching $100.34. The stock had a trading volume of 629,568 shares, compared to its average volume of 521,308. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $7.62 billion, a PE ratio of 11.16 and a beta of 0.71. UMB Financial has a 52 week low of $78.56 and a 52 week high of $129.94. The company has a 50 day moving average price of $97.84 and a two-hundred day moving average price of $110.13.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. The company had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. UMB Financial's revenue was up 41.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.47 earnings per share. As a group, sell-side analysts anticipate that UMB Financial will post 9.66 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction that occurred 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 sale, the chief executive officer now owns 334,347 shares of the company's stock, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company's stock.

Institutional Trading of UMB Financial

Institutional investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its stake in shares of UMB Financial by 0.4% during the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank's stock valued at $2,208,000 after acquiring an additional 83 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of UMB Financial by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,145 shares of the bank's stock valued at $925,000 after purchasing an additional 122 shares during the period. Covestor Ltd boosted its position in UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after purchasing an additional 124 shares during the period. Heritage Family Offices LLP increased its stake in shares of UMB Financial by 6.5% during the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank's stock worth $232,000 after purchasing an additional 125 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in UMB Financial by 5.8% in the 4th quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock valued at $266,000 after purchasing an additional 130 shares during the period. 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.