Wells Fargo & Company Cuts UMB Financial (NASDAQ:UMBF) Price Target to $105.00

UMB Financial (NASDAQ:UMBF) had its price target cut by analysts at Wells Fargo & Company from $120.00 to $105.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 19.13% from the company’s previous close.

Several other equities research analysts also recently issued reports on UMBF. Barclays cut their price objective on UMB Financial from $139.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Piper Sandler increased their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Finally, Citigroup reaffirmed a “neutral” rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.57.

UMB Financial Stock Down 6.6 %

UMBF stock opened at $88.14 on Wednesday. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 9.80 and a beta of 0.71. The firm has a 50-day moving average of $103.80 and a two-hundred day moving average of $111.43.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period in the prior year, the company earned $2.29 EPS. As a group, analysts forecast that UMB Financial will post 9.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

Institutional Trading of UMB Financial

Several large investors have recently bought and sold shares of UMBF. Rothschild Investment LLC increased its holdings 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 acquiring an additional 221 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of UMB Financial by 703.2% during the first quarter. Versant Capital Management Inc now owns 498 shares of the bank’s stock valued at $50,000 after buying an additional 436 shares during the last quarter. USA Financial Formulas boosted its position in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares during the period. Covestor Ltd grew its position in UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock valued at $63,000 after buying an additional 124 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in shares of UMB Financial during the first quarter valued at approximately $82,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

About UMB Financial

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.