Barclays Upgrades UMB Financial (NASDAQ:UMBF) to Overweight

UMB Financial (NASDAQ:UMBF) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday, MarketBeat.com reports. The brokerage presently has a $95.00 target price on the bank’s stock, up from their previous target price of $91.00. Barclays‘s price objective points to a potential upside of 19.03% from the company’s current price.

Other equities analysts have also issued research reports about the company. Piper Sandler increased their target price on UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Wells Fargo & Company raised their price target on UMB Financial from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Finally, Raymond James lifted their price objective on UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $92.00.

UMB Financial Trading Up 0.2 %

UMB Financial stock opened at $79.81 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. UMB Financial has a 52 week low of $50.68 and a 52 week high of $87.36. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 10.60 and a beta of 0.83. The stock has a 50-day moving average price of $81.80 and a 200 day moving average price of $77.97.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.53. UMB Financial had a return on equity of 14.59% and a net margin of 14.59%. The business had revenue of $370.80 million during the quarter, compared to the consensus estimate of $360.69 million. During the same period in the prior year, the company posted $2.06 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts anticipate that UMB Financial will post 7.41 EPS for the current year.

Insider Activity

In related news, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $83.10, for a total value of $290,850.00. Following the completion of the transaction, the chief executive officer now directly owns 252,114 shares of the company’s stock, valued at approximately $20,950,673.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Abigail M. Wendel sold 1,182 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total transaction of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $83.10, for a total transaction of $290,850.00. Following the sale, the chief executive officer now owns 252,114 shares in the company, valued at approximately $20,950,673.40. The disclosure for this sale can be found here. Insiders sold 27,277 shares of company stock valued at $2,264,661 in the last quarter. Company insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Large investors have recently modified their holdings of the business. Wellington Management Group LLP increased its stake in UMB Financial by 73.5% in the third quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after purchasing an additional 1,095,630 shares in the last quarter. Norges Bank purchased a new position in UMB Financial during the fourth quarter worth about $39,376,000. Victory Capital Management Inc. boosted its holdings in UMB Financial by 15.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock worth $166,875,000 after purchasing an additional 265,399 shares during the last quarter. GW&K Investment Management LLC purchased a new position in UMB Financial in the fourth quarter valued at about $20,367,000. Finally, Dimensional Fund Advisors LP boosted its stake in UMB Financial by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,008 shares of the bank’s stock valued at $129,005,000 after acquiring an additional 161,558 shares during the last quarter. 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.