UMB Financial (NASDAQ:UMBF) Stock Price Target Cut by TD Cowen

UMB Financial (NASDAQ:UMBF – Get Free Report) had its target price decreased by investment analysts at TD Cowen from $166.00 to $152.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. TD Cowen’s target price would indicate a potential upside of 16.85% from the company’s current price.

A number of other analysts also recently weighed in on UMBF. Morgan Stanley decreased their target price on shares of UMB Financial from $190.00 to $182.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Raymond James Financial initiated coverage on shares of UMB Financial in a research note on Thursday, August 27th. They issued an “outperform” rating and a $165.00 price objective on the stock. Citigroup reiterated a “neutral” rating and set a $162.00 price objective (up from $144.00) on shares of UMB Financial in a research report on Friday, July 31st. Barclays reissued an “overweight” rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Finally, Wells Fargo & Company cut their price target on shares of UMB Financial from $160.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, UMB Financial has a consensus rating of “Moderate Buy” and a consensus target price of $164.00.

View Our Latest Research Report on UMB Financial

UMB Financial Trading Up 0.2%

NASDAQ UMBF opened at $130.08 on Monday. The firm has a market capitalization of $9.88 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.63 and a beta of 0.82. The business’s 50-day moving average price is $141.23 and its two-hundred day moving average price is $133.97. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial has a 12 month low of $68.92 and a 12 month high of $144.36.

UMB Financial (NASDAQ:UMBF – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. The company had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period last year, the company earned $2.96 earnings per share. On average, analysts expect that UMB Financial will post 13.53 EPS for the current year.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J. Kemper sold 15,062 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total value of $2,237,460.10. Following the completion of the sale, the chief executive officer owned 1,491,138 shares of the company’s stock, valued at approximately $221,508,549.90. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Beaird sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $144.40, for a total value of $231,040.00. Following the sale, the insider owned 8,943 shares of the company’s stock, valued at approximately $1,291,369.20. This represents a 15.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 25,544 shares of company stock worth $3,775,862 in the last quarter. Company insiders own 5.33% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of UMB Financial during the second quarter worth about $1,458,386,000. Dimensional Fund Advisors LP lifted its position in UMB Financial by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after acquiring an additional 55,005 shares in the last quarter. Bank of America Corp DE bought a new position in UMB Financial in the 2nd quarter valued at about $129,153,000. First Trust Advisors LP boosted its stake in UMB Financial by 12.0% during the 1st quarter. First Trust Advisors LP now owns 899,400 shares of the bank’s stock valued at $101,443,000 after purchasing an additional 96,149 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in UMB Financial by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 614,037 shares of the bank’s stock valued at $70,639,000 after purchasing an additional 9,147 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

UMB Financial Company Profile

(Get Free Report)

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to businesses, institutions, governments and individuals. The company traces its history to 1913 and has developed a regional banking franchise with additional capabilities serving customers nationwide.

UMB’s business activities include commercial and personal banking, treasury management, lending, deposit services and payment solutions.

Further Reading

Analyst Recommendations for UMB Financial (NASDAQ:UMBF)

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