UMB Financial (NASDAQ:UMBF) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded UMB Financial (NASDAQ:UMBF) from a "hold" to a "strong-buy," and multiple analysts have raised price targets—the consensus rating is "Buy" with an average target of $145.55.
• Q1 results topped estimates: EPS $3.41 vs. $2.82 expected and revenue $739.2M (up 31.1% YoY), with a 13.07% return on equity and a 20.42% net margin.
• Shares are trading near $131.17 (down ~2.1%), with a market cap of about $9.97B, a P/E of 11.64, and roughly 87.8% of the stock held by institutional investors.

UMB Financial (NASDAQ:UMBF - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on UMBF. Barclays raised their price target on UMB Financial from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Weiss Ratings raised UMB Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, April 27th. TD Cowen raised their price target on UMB Financial from $141.00 to $147.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Hovde Group raised their price target on UMB Financial from $145.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Finally, Piper Sandler raised their price target on UMB Financial from $152.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $145.55.

UMB Financial Trading Down 2.1%

Shares of NASDAQ:UMBF opened at $131.17 on Wednesday. The company has a market cap of $9.97 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.91 and a beta of 0.78. The stock's 50-day moving average is $117.79 and its 200-day moving average is $117.82. UMB Financial has a 52-week low of $98.16 and a 52-week high of $136.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million for the quarter, compared to the consensus estimate of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm's revenue was up 31.1% compared to the same quarter last year. During the same period last year, the business posted $2.58 earnings per share. Equities research analysts predict that UMB Financial will post 12.76 earnings per share for the current year.

Institutional Investors Weigh In On UMB Financial

Hedge funds have recently made changes to their positions in the stock. MBM Wealth Consultants LLC bought a new stake in shares of UMB Financial in the first quarter valued at about $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of UMB Financial in the fourth quarter valued at about $27,000. Farther Finance Advisors LLC lifted its stake in shares of UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank's stock valued at $29,000 after buying an additional 171 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of UMB Financial in the fourth quarter valued at about $34,000. Finally, Torren Management LLC bought a new stake in shares of UMB Financial in the fourth quarter valued at about $37,000. Institutional investors own 87.78% of the company's stock.

About UMB Financial

UMB Financial Corporation NASDAQ: UMBF is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.

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