UMB Financial (NASDAQ:UMBF) Stock Price Expected to Rise, Barclays Analyst Says

UMB Financial (NASDAQ:UMBF - Get Free Report) had its price target boosted by investment analysts at Barclays from $130.00 to $140.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the bank's stock. Barclays's target price would indicate a potential upside of 26.06% from the stock's previous close.

UMBF has been the topic of several other reports. Wall Street Zen cut UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Truist Financial began coverage on UMB Financial in a report on Tuesday, May 13th. They set a "buy" rating and a $120.00 target price for the company. Piper Sandler set a $135.00 price objective on UMB Financial and gave the company an "overweight" rating in a research note on Friday, June 13th. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Finally, Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $124.75.

UMB Financial Stock Performance

Shares of UMB Financial stock traded up $2.10 during trading on Tuesday, hitting $111.06. 193,392 shares of the company's stock were exchanged, compared to its average volume of 544,175. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 1.29 and a beta of 0.74. The business has a 50-day simple moving average of $103.56 and a 200-day simple moving average of $105.41. UMB Financial has a 52-week low of $81.01 and a 52-week high of $129.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.37. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The firm had revenue of $563.84 million during the quarter, compared to analysts' expectations of $555.79 million. During the same period in the previous year, the business posted $2.47 EPS. The business's revenue was up 41.4% compared to the same quarter last year. On average, research analysts forecast that UMB Financial will post 9.66 EPS for the current year.

Insiders Place Their Bets

In related news, CEO J Mariner Kemper sold 5,412 shares of the 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 transaction, the chief executive officer directly owned 288,945 shares in the company, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.45% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. New York State Teachers Retirement System raised 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 acquiring an additional 1,664 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in UMB Financial in the 4th quarter worth approximately $2,190,000. Northern Trust Corp grew its position in UMB Financial by 16.2% in the fourth quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after acquiring an additional 88,705 shares in the last quarter. KBC Group NV grew its position in UMB Financial by 68.5% in the first quarter. KBC Group NV now owns 3,376 shares of the bank's stock valued at $341,000 after acquiring an additional 1,372 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of UMB Financial by 430.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 43,172 shares of the bank's stock valued at $4,365,000 after purchasing an additional 35,028 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

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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