Barclays Upgrades UMB Financial (NASDAQ:UMBF) to Overweight

UMB Financial (NASDAQ:UMBF) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, Briefing.com reports. The brokerage presently has a $95.00 target price on the bank’s stock. Barclays‘s price objective would indicate a potential upside of 22.19% from the company’s previous close.

Several other equities analysts have also recently weighed in on UMBF. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Piper Sandler boosted their price objective on shares of UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Raymond James upped their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Company boosted their price target on shares of UMB Financial from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and a consensus target price of $88.67.

UMB Financial Trading Down 6.5 %

NASDAQ UMBF opened at $77.75 on Tuesday. The firm’s 50 day moving average price is $81.85 and its two-hundred day moving average price is $77.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72. UMB Financial has a twelve month low of $50.68 and a twelve month high of $87.36. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 10.83 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.53. The business had revenue of $370.80 million for the quarter, compared to the consensus estimate of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. UMB Financial’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 earnings per share. Equities analysts anticipate that UMB Financial will post 7.41 EPS for the current year.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 11,170 shares of UMB Financial stock in a transaction on 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 document filed with the SEC, which can be accessed through the SEC website. In other UMB Financial news, insider Abigail M. Wendel sold 1,182 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the completion of the sale, the insider now owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were 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 disclosure for this sale can be found here. Insiders sold 27,277 shares of company stock worth $2,264,661 over the last ninety days. 8.85% of the stock is currently owned by insiders.

Institutional Trading of UMB Financial

Several large investors have recently modified their holdings of the company. Assetmark Inc. acquired a new position in shares of UMB Financial during the 4th quarter worth about $28,000. Headlands Technologies LLC acquired a new position in shares of UMB Financial during the third quarter worth approximately $74,000. Mackenzie Financial Corp bought a new stake in shares of UMB Financial in the fourth quarter valued at approximately $228,000. Quadrant Capital Group LLC grew its stake in shares of UMB Financial by 42.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock worth $229,000 after acquiring an additional 819 shares during the last quarter. Finally, High Net Worth Advisory Group LLC bought a new position in UMB Financial during the fourth quarter worth $234,000. 87.78% of the stock is owned by institutional investors.

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.