Keefe, Bruyette & Woods Increases UMB Financial (NASDAQ:UMBF) Price Target to $93.00

UMB Financial (NASDAQ:UMBF) had its price target upped by stock analysts at Keefe, Bruyette & Woods from $86.00 to $93.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 16.53% from the stock’s current price.

UMBF has been the subject of several other reports. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Piper Sandler upped their price target on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Barclays raised UMB Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $91.00 to $95.00 in a research note on Tuesday. Wells Fargo & Company increased their price objective on UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Finally, Raymond James increased their target price on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, UMB Financial has an average rating of “Moderate Buy” and an average price target of $92.00.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $79.81 on Tuesday. The business has a fifty day simple moving average of $81.80 and a 200 day simple moving average of $77.97. UMB Financial has a one year low of $50.68 and a one year high of $87.36. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 10.60 and a beta of 0.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12.

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

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 11,170 shares of UMB Financial stock in a transaction on Monday, April 1st. The shares were sold at an average price of $85.28, for a total transaction of $952,577.60. Following the completion of the transaction, the chief executive officer now directly owns 1,738,604 shares of the company’s stock, valued at $148,268,149.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO J Mariner Kemper sold 11,170 shares of UMB Financial stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the sale, the chief executive officer now directly owns 1,738,604 shares in the company, valued at $148,268,149.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Abigail M. Wendel sold 1,182 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the completion of the transaction, the insider now owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The disclosure for this sale can be found here. Insiders have sold a total of 27,277 shares of company stock worth $2,264,661 over the last quarter. Insiders own 8.85% of the company’s stock.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in UMB Financial by 73.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after acquiring an additional 1,095,630 shares during the period. Norges Bank acquired a new position in shares of UMB Financial in the fourth quarter valued at approximately $39,376,000. Victory Capital Management Inc. increased its holdings in shares of UMB Financial by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock valued at $166,875,000 after purchasing an additional 265,399 shares during the period. GW&K Investment Management LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at approximately $20,367,000. Finally, Dimensional Fund Advisors LP boosted its position in UMB Financial by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,008 shares of the bank’s stock worth $129,005,000 after purchasing an additional 161,558 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

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.