UMB Financial (NASDAQ:UMBF) had its target price upped by equities researchers at Raymond James from $70.00 to $71.00 in a research note issued on Friday. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James’ price target suggests a potential upside of 5.86% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of UMB Financial from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. Bank of America cut shares of UMB Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, January 10th. ValuEngine upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Stephens upgraded shares of UMB Financial from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $77.00.

Shares of UMB Financial stock opened at $67.07 on Friday. UMB Financial has a 12-month low of $57.00 and a 12-month high of $82.14. The stock has a market capitalization of $3.29 billion, a PE ratio of 16.64, a PEG ratio of 1.89 and a beta of 0.86. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.04.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 29th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.55). UMB Financial had a return on equity of 9.12% and a net margin of 17.25%. The firm had revenue of $256.81 million during the quarter, compared to analysts’ expectations of $261.28 million. On average, analysts anticipate that UMB Financial will post 4.6 earnings per share for the current year.

In related news, Director Timothy R. Murphy acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were bought at an average cost of $64.63 per share, for a total transaction of $258,520.00. Following the completion of the transaction, the director now owns 12,635 shares in the company, valued at $816,600.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shannon Andresen Johnson sold 1,504 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $66.57, for a total transaction of $100,121.28. Following the transaction, the executive vice president now owns 9,049 shares in the company, valued at $602,391.93. The disclosure for this sale can be found here. 10.26% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UMBF. First Trust Advisors LP grew its position in UMB Financial by 2.9% during the third quarter. First Trust Advisors LP now owns 93,537 shares of the bank’s stock valued at $6,632,000 after acquiring an additional 2,659 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in UMB Financial by 18.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 23,780 shares of the bank’s stock valued at $1,686,000 after acquiring an additional 3,625 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in UMB Financial during the third quarter valued at approximately $243,000. SG Americas Securities LLC grew its position in UMB Financial by 32.3% during the third quarter. SG Americas Securities LLC now owns 45,076 shares of the bank’s stock valued at $3,196,000 after acquiring an additional 11,013 shares during the last quarter. Finally, Rhumbline Advisers grew its position in UMB Financial by 1.2% during the third quarter. Rhumbline Advisers now owns 92,541 shares of the bank’s stock valued at $6,561,000 after acquiring an additional 1,124 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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