Morgan Stanley Issues Positive Forecast for UMB Financial (NASDAQ:UMBF) Stock Price

UMB Financial (NASDAQ:UMBF) had its price objective lifted by investment analysts at Morgan Stanley from $154.00 to $156.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Morgan Stanley’s target price indicates a potential upside of 32.25% from the company’s current price.

A number of other equities analysts also recently commented on the stock. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a research note on Thursday, January 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $145.00 price objective on shares of UMB Financial in a research report on Thursday, January 29th. Barclays reiterated an “overweight” rating and set a $160.00 price target on shares of UMB Financial in a report on Thursday, January 29th. Weiss Ratings raised shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $141.18.

UMB Financial Price Performance

Shares of UMB Financial stock traded up $2.08 on Monday, hitting $117.96. 172,577 shares of the company were exchanged, compared to its average volume of 527,954. UMB Financial has a 1-year low of $82.00 and a 1-year high of $136.11. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.83 and a beta of 0.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $123.57 and a 200 day moving average price of $118.36.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The company had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $677.30 million. During the same period in the prior year, the business earned $2.49 EPS. The firm’s quarterly revenue was up 66.0% on a year-over-year basis. As a group, sell-side analysts predict that UMB Financial will post 9.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Greg M. Graves acquired 220 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of $127.83 per share, with a total value of $28,122.60. Following the completion of the transaction, the director owned 39,541 shares of the company’s stock, valued at $5,054,526.03. The trade was a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin Charles Gallagher sold 388 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the sale, the director owned 12,488 shares in the company, valued at approximately $1,614,698.40. This trade represents a 3.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,469 shares of company stock worth $4,218,998 over the last 90 days. Corporate insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UMBF. Sequoia Financial Advisors LLC increased its stake in UMB Financial by 3.1% in the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock valued at $403,000 after purchasing an additional 101 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of UMB Financial by 4.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after purchasing an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of UMB Financial by 3.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock valued at $335,000 after purchasing an additional 108 shares during the period. Concurrent Investment Advisors LLC increased its position in UMB Financial by 1.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock worth $739,000 after buying an additional 112 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of UMB Financial by 0.8% in the third quarter. Quadrant Capital Group LLC now owns 16,560 shares of the bank’s stock valued at $1,960,000 after acquiring an additional 129 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

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.