UMB Financial (NASDAQ:UMBF) Price Target Cut to $105.00 by Analysts at Wells Fargo & Company

UMB Financial (NASDAQ:UMBF) had its target price reduced by Wells Fargo & Company from $120.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 11.21% from the stock’s current price.

Other analysts have also issued research reports about the company. Citigroup reaffirmed a “neutral” rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley cut their price target on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Barclays lowered their price objective on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Piper Sandler increased their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.57.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF traded up $7.83 during midday trading on Wednesday, reaching $94.42. 459,835 shares of the company’s stock traded hands, compared to its average volume of 503,142. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial has a one year low of $76.00 and a one year high of $129.94. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 10.49 and a beta of 0.71. The stock has a 50 day moving average of $105.29 and a 200 day moving average of $111.75.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently bought and sold shares of the business. Truist Financial Corp grew its position in UMB Financial by 0.4% in the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock worth $2,208,000 after acquiring an additional 83 shares in the last quarter. Covestor Ltd lifted its stake in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock worth $63,000 after acquiring an additional 124 shares during the last quarter. Heritage Family Offices LLP boosted its stake in shares of UMB Financial by 6.5% during the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after purchasing an additional 125 shares during the period. EP Wealth Advisors LLC increased its stake in UMB Financial by 5.8% in the 4th quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank’s stock worth $266,000 after buying an additional 130 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in UMB Financial by 5.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock valued at $410,000 after buying an additional 186 shares during the period. 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.