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

UMB Financial (NASDAQ:UMBF) had its price objective cut by Wells Fargo & Company from $120.00 to $105.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the bank’s stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Citigroup restated a “neutral” rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Piper Sandler raised their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from 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 UMBF stock traded down $7.67 during mid-day trading on Wednesday, reaching $86.67. 85,848 shares of the company’s stock traded hands, compared to its average volume of 505,623. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The firm has a 50 day moving average price of $104.30 and a two-hundred day moving average price of $111.55. The firm has a market capitalization of $6.30 billion, a PE ratio of 9.67 and a beta of 0.71. 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 (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period in the previous year, the business earned $2.29 earnings per share. On average, research analysts forecast that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.85%. The ex-dividend date was Monday, March 10th. UMB Financial’s dividend payout ratio is presently 17.80%.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by company insiders.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC grew its stake in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank’s stock valued at $27,000 after purchasing an additional 221 shares during the last quarter. USA Financial Formulas boosted its holdings in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of UMB Financial by 703.2% during the first quarter. Versant Capital Management Inc now owns 498 shares of the bank’s stock worth $50,000 after acquiring an additional 436 shares during the last quarter. Covestor Ltd raised its position in shares of UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in UMB Financial during the 3rd quarter worth approximately $83,000. Institutional investors own 87.78% of the company’s stock.

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.