UMB Financial (NASDAQ:UMBF) Given New $143.00 Price Target at Piper Sandler

UMB Financial (NASDAQ:UMBF) had its price objective boosted by equities researchers at Piper Sandler from $142.00 to $143.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Piper Sandler’s target price indicates a potential upside of 16.68% from the stock’s previous close.

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

UMB Financial Stock Up 0.8 %

Shares of NASDAQ:UMBF opened at $122.56 on Thursday. The company’s fifty day moving average is $119.06 and its two-hundred day moving average is $109.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial has a 1-year low of $76.00 and a 1-year high of $129.94. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 15.32 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $2.29 EPS. Equities analysts anticipate that UMB Financial will post 9.23 EPS for the current year.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the sale, the insider now directly owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This represents a 12.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the completion of the transaction, the chief executive officer now directly owns 1,576,604 shares in the company, valued at $171,581,813.32. This represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,303 shares of company stock valued at $5,879,967. 8.85% of the stock is owned by corporate insiders.

Institutional Trading of UMB Financial

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after acquiring an additional 21,091 shares during the last quarter. FMR LLC lifted its holdings in shares of UMB Financial by 2.7% during the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after purchasing an additional 24,799 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares during the period. Charles Schwab Investment Management Inc. increased its stake in UMB Financial by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank’s stock worth $60,982,000 after purchasing an additional 24,124 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its holdings in UMB Financial by 1.7% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 552,159 shares of the bank’s stock worth $58,037,000 after buying an additional 9,400 shares during the period. 87.78% of the stock is currently owned by institutional investors.

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.