Piper Sandler Forecasts Strong Price Appreciation for UMB Financial (NASDAQ:UMBF) Stock

UMB Financial (NASDAQ:UMBF) had its price target boosted by research analysts at Piper Sandler from $142.00 to $143.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target indicates a potential upside of 21.29% from the company’s current price.

UMBF has been the subject of a number of other reports. Barclays increased their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised their price target on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Citigroup started coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. Finally, Morgan Stanley began coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.63.

UMB Financial Trading Down 2.0 %

NASDAQ UMBF opened at $117.90 on Thursday. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50 day moving average price is $118.91 and its two-hundred day moving average price is $109.83. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 13.11 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.90%. During the same period last year, the firm earned $2.29 EPS. As a group, analysts anticipate that UMB Financial will post 9.4 earnings per share for the current fiscal year.

Insider Buying and Selling at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the transaction, the chief executive officer now owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in UMB Financial in the 3rd quarter valued at about $26,000. Covestor Ltd raised its position in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares in the last quarter. USA Financial Formulas boosted its stake in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after buying an additional 268 shares during the period. Point72 Asset Management L.P. acquired a new stake in UMB Financial during the third quarter worth approximately $83,000. Finally, Venturi Wealth Management LLC acquired a new stake in UMB Financial during the fourth quarter worth approximately $96,000. 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.