UMB Financial (NASDAQ:UMBF) Price Target Raised to $143.00 at Piper Sandler

UMB Financial (NASDAQ:UMBF) had its target price hoisted by research analysts at Piper Sandler from $142.00 to $143.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Piper Sandler’s target price points to a potential upside of 16.68% from the company’s previous close.

Several other analysts have also recently commented on UMBF. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup started coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. Wells Fargo & Company increased their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Royal Bank of Canada began coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. Finally, Barclays increased their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $126.88.

UMB Financial Stock Performance

NASDAQ UMBF opened at $122.56 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 15.32 and a beta of 0.82. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The business has a fifty day moving average of $119.06 and a 200-day moving average of $109.49.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the previous year, the company posted $2.29 EPS. As a group, analysts predict that UMB Financial will post 9.23 earnings per share for the current fiscal year.

Insider Transactions at UMB Financial

In other news, EVP John Pauls sold 849 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $110.42, for a total value of $93,746.58. Following the completion of the transaction, the executive vice president now directly owns 6,483 shares in the company, valued at approximately $715,852.86. This represents a 11.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greg M. Graves purchased 258 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 50,303 shares of company stock valued at $5,879,967 over the last quarter. Company insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of UMB Financial during the 3rd quarter valued at approximately $26,000. Covestor Ltd raised its holdings in 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 acquiring an additional 102 shares in the last quarter. USA Financial Formulas boosted its stake in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial during the 3rd quarter worth $83,000. Finally, R Squared Ltd bought a new stake in shares of UMB Financial in the 4th quarter worth about $117,000. 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.