UMB Financial (NASDAQ:UMBF) Price Target Raised to $148.00 at Piper Sandler

Key Points

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UMB Financial (NASDAQ:UMBF - Get Free Report) had its target price increased by equities research analysts at Piper Sandler from $135.00 to $148.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the bank's stock. Piper Sandler's price target would suggest a potential upside of 35.01% from the company's current price.

UMBF has been the topic of several other research reports. Barclays reissued an "overweight" rating and set a $150.00 target price on shares of UMB Financial in a research note on Thursday. Royal Bank Of Canada decreased their target price 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. Wells Fargo & Company increased their target price 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. Wall Street Zen lowered UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Truist Financial increased their target price on UMB Financial from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, UMB Financial has an average rating of "Hold" and a consensus price target of $129.88.

UMB Financial Trading Down 1.1%

NASDAQ:UMBF traded down $1.18 during trading hours on Thursday, hitting $109.63. The company had a trading volume of 111,824 shares, compared to its average volume of 661,465. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $104.52 and a 200 day moving average of $104.19. The company has a market cap of $8.32 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.45 and a beta of 0.74. UMB Financial has a 1 year low of $82.00 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $689.21 million during the quarter, compared to analysts' expectations of $638.25 million. UMB Financial had a return on equity of 13.84% and a net margin of 15.42%. The company's revenue was up 76.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.16 EPS. Sell-side analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $29,417,490.45. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.45% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UMBF. Brooklyn Investment Group grew its stake in UMB Financial by 4,840.0% during the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock worth $25,000 after buying an additional 242 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of UMB Financial by 442.0% in the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after purchasing an additional 221 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of UMB Financial in the 1st quarter valued at approximately $27,000. McIlrath & Eck LLC purchased a new position in shares of UMB Financial in the 1st quarter valued at approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of UMB Financial in the 1st quarter valued at approximately $35,000. Hedge funds and other 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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