UMB Financial (NASDAQ:UMBF) Now Covered by Analysts at Morgan Stanley

Analysts at Morgan Stanley started coverage on shares of UMB Financial (NASDAQ:UMBF) in a report issued on Thursday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $156.00 price target on the bank’s stock. Morgan Stanley’s target price would suggest a potential upside of 29.79% from the company’s current price.

Several other analysts also recently weighed in on UMBF. Barclays boosted their price target on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Citigroup began coverage on UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. Wells Fargo & Company raised their price target 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. Finally, Piper Sandler raised their target price on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.86.

UMB Financial Stock Performance

UMBF opened at $120.19 on Thursday. The company has a market cap of $5.87 billion, a P/E ratio of 15.02 and a beta of 0.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $109.60 and its 200-day moving average price is $96.61. UMB Financial has a 52-week low of $69.96 and a 52-week high of $128.73.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter last year, the company posted $2.02 earnings per share. As a group, equities analysts anticipate that UMB Financial will post 9.33 EPS for the current fiscal year.

Insider Activity at UMB Financial

In related news, Director Greg M. Graves bought 258 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the completion of the transaction, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kris A. Robbins sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the completion of the transaction, the director now directly owns 3,211 shares in the company, valued at $329,127.50. This represents a 60.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,449 shares of company stock worth $5,724,799 in the last 90 days. Corporate insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Several large investors have recently bought and sold shares of UMBF. V Square Quantitative Management LLC purchased a new position in UMB Financial in the 3rd quarter valued at $26,000. Covestor Ltd raised its holdings in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of UMB Financial during the 3rd quarter valued at about $83,000. 1620 Investment Advisors Inc. purchased a new position in UMB Financial during the second quarter worth about $128,000. Finally, Acropolis Investment Management LLC acquired a new stake in UMB Financial in the 3rd quarter valued at approximately $156,000. 87.78% of the stock is currently owned by hedge funds and other 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.