UMB Financial (NASDAQ:UMBF) Price Target Increased to $90.00 by Analysts at Wells Fargo & Company

UMB Financial (NASDAQ:UMBF) had its target price upped by Wells Fargo & Company from $88.00 to $90.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 10.88% from the company’s current price.

A number of other research analysts also recently issued reports on UMBF. Raymond James increased their price objective on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report 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. Barclays raised shares of UMB Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $91.00 to $95.00 in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price objective on shares of UMB Financial from $86.00 to $93.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Piper Sandler increased their price target on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

UMB Financial Price Performance

Shares of UMBF stock traded up $3.42 during trading hours on Tuesday, reaching $81.17. 371,832 shares of the company were exchanged, compared to its average volume of 243,064. The stock’s fifty day moving average is $81.85 and its two-hundred day moving average is $77.83. UMB Financial has a fifty-two week low of $50.68 and a fifty-two week high of $87.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 11.29 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data 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. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The business had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. During the same period in the prior year, the business posted $2.06 earnings per share. UMB Financial’s revenue was up .0% compared to the same quarter last year. Sell-side analysts forecast that UMB Financial will post 7.41 earnings per share for the current fiscal year.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 11,170 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were 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 owns 1,738,604 shares of the company’s stock, valued at approximately $148,268,149.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO J Mariner Kemper sold 11,170 shares of UMB Financial stock in a transaction on Monday, April 1st. The stock was sold at an average price of $85.28, for a total value of $952,577.60. Following the transaction, the chief executive officer now owns 1,738,604 shares in the company, valued at approximately $148,268,149.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Pauls sold 1,440 shares of UMB Financial stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $79.51, for a total value of $114,494.40. Following the completion of the transaction, the executive vice president now owns 8,496 shares in the company, valued at approximately $675,516.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,277 shares of company stock valued at $2,264,661. 8.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new stake in UMB Financial during the 4th quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new position in UMB Financial in the third quarter valued at $74,000. Quantbot Technologies LP acquired a new stake in UMB Financial during the 3rd quarter worth about $179,000. Jones Financial Companies Lllp bought a new position in shares of UMB Financial in the 3rd quarter worth about $199,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of UMB Financial in the 3rd quarter valued at about $215,000. 87.78% of the stock is owned by 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.