UMB Financial’s (UMBF) Sector Perform Rating Reiterated at Royal Bank of Canada

UMB Financial (NASDAQ:UMBF)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank of Canada in a research report issued on Thursday,Benzinga reports. They presently have a $128.00 target price on the bank’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 5.69% from the company’s previous close.

A number of other brokerages also recently weighed in on UMBF. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays increased their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Piper Sandler boosted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley assumed coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price on the stock. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.63.

UMB Financial Price Performance

NASDAQ UMBF traded down $1.45 on Thursday, reaching $121.11. The company’s stock had a trading volume of 379,758 shares, compared to its average volume of 571,554. The stock has a market cap of $5.91 billion, a PE ratio of 15.16 and a beta of 0.82. UMB Financial has a twelve month low of $76.00 and a twelve month 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 firm’s 50 day moving average is $119.10 and its two-hundred day moving average is $109.58.

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 return on equity of 13.80% and a net margin of 14.44%. During the same period in the previous year, the business posted $2.29 EPS. As a group, sell-side analysts predict that UMB Financial will post 9.23 EPS for the current year.

Insider Activity

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the firm’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 owns 5,828 shares in the company, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s 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 owns 1,576,604 shares of the company’s stock, valued at $171,581,813.32. This trade represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,303 shares of company stock valued at $5,879,967. Insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently modified their holdings of UMBF. V Square Quantitative Management LLC bought a new position in UMB Financial during the third quarter worth 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 grew its stake in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after buying an additional 268 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in UMB Financial during the third quarter valued at $83,000. Finally, R Squared Ltd acquired a new position in shares of UMB Financial during the fourth quarter valued at about $117,000. 87.78% of the stock is 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.