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

UMB Financial (NASDAQ:UMBF - Get Free Report) had its target price cut by equities researchers at Wells Fargo & Company from $120.00 to $105.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the bank's stock. Wells Fargo & Company's price objective would indicate a potential upside of 18.32% from the stock's current price.

UMBF has been the subject of several other research reports. Piper Sandler lifted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Citigroup reissued a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Morgan Stanley reduced their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $124.57.

UMB Financial Price Performance

UMB Financial stock traded up $2.34 during mid-day trading on Wednesday, reaching $88.74. The company had a trading volume of 699,994 shares, compared to its average volume of 515,456. The business has a fifty day simple moving average of $103.23 and a 200 day simple moving average of $111.36. The company has a market cap of $6.45 billion, a P/E ratio of 9.87 and a beta of 0.71. 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 fifty-two week low of $76.00 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share 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 quarter in the prior year, the company posted $2.29 earnings per share. On average, equities research analysts predict that UMB Financial will post 9.66 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of UMBF. Rothschild Investment LLC boosted its stake in UMB Financial by 442.0% during the 1st 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 period. Versant Capital Management Inc grew its position in UMB Financial by 703.2% in 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 in the last quarter. USA Financial Formulas lifted its position in shares of 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 buying an additional 268 shares during the last quarter. Covestor Ltd boosted its position in UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after purchasing an additional 124 shares during the period. Finally, Marquette Asset Management LLC acquired a new position in UMB Financial in the 1st quarter valued at $82,000. 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.