UMB Financial (NASDAQ:UMBF) Receives "Neutral" Rating from Citigroup

UMB Financial (NASDAQ:UMBF - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at Citigroup in a note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $127.00 price objective on the bank's stock, down from their prior price objective of $130.00. Citigroup's target price would indicate a potential upside of 9.16% from the stock's current price.

Several other analysts have also commented on UMBF. Morgan Stanley started coverage on UMB Financial in a report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price objective on the stock. Piper Sandler lifted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Wells Fargo & Company upped their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. Finally, Barclays upped their price target 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.14.

UMB Financial Stock Performance

Shares of NASDAQ UMBF traded down $1.14 during trading on Monday, reaching $116.34. 980,633 shares of the company traded hands, compared to its average volume of 916,180. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial has a 12-month low of $76.00 and a 12-month high of $129.94. The firm's fifty day simple moving average is $118.22 and its 200 day simple moving average is $110.34. The stock has a market cap of $5.68 billion, a P/E ratio of 12.94 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the previous year, the business earned $2.29 earnings per share. As a group, research analysts anticipate that UMB Financial will post 9.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the sale, the chief executive officer now owns 1,552,304 shares of the company's stock, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 5,828 shares in the company, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,681 shares of company stock worth $3,201,798. 8.85% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On UMB Financial

A number of hedge funds have recently made changes to their positions in UMBF. Principal Financial Group Inc. boosted its position in shares of UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after buying an additional 694,751 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of UMB Financial in the third quarter valued at approximately $48,531,000. Captrust Financial Advisors increased its stake in UMB Financial by 258.0% during the 3rd quarter. Captrust Financial Advisors now owns 392,397 shares of the bank's stock worth $41,245,000 after buying an additional 282,783 shares during the period. Systematic Financial Management LP lifted its holdings in UMB Financial by 438.8% during the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock worth $33,693,000 after buying an additional 261,055 shares in the last quarter. Finally, Holocene Advisors LP purchased a new position in UMB Financial in the 3rd quarter valued at approximately $18,838,000. Hedge funds and other 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.