UMB Financial (NASDAQ:UMBF) Stock Price Target Cut by JPMorgan Chase & Co.

by · The Markets Daily

UMB Financial (NASDAQ:UMBF – Get Free Report) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $180.00 to $160.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 24.82% from the stock’s current price.

A number of other equities analysts have also commented on UMBF. UBS Group began coverage on UMB Financial in a research note on Monday, September 14th. They issued a “neutral” rating and a $155.00 price objective on the stock. Barclays restated an “overweight” rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Raymond James Financial started coverage on UMB Financial in a report on Thursday, August 27th. They issued an “outperform” rating and a $165.00 target price on the stock. Stephens assumed coverage on UMB Financial in a research report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UMB Financial in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, UMB Financial has an average rating of “Moderate Buy” and an average target price of $165.00.

Check Out Our Latest Report on UMB Financial

UMB Financial Stock Performance

NASDAQ:UMBF traded down $1.82 during midday trading on Thursday, reaching $128.19. The stock had a trading volume of 136,158 shares, compared to its average volume of 895,177. UMB Financial has a 1-year low of $68.92 and a 1-year high of $144.36. The firm’s fifty day simple moving average is $142.12 and its 200-day simple moving average is $133.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $9.74 billion, a P/E ratio of 10.64, a PEG ratio of 0.64 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF – Get Free Report) last released its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter in the previous year, the business earned $2.96 EPS. On average, equities research analysts forecast that UMB Financial will post 13.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nikki Farentino Newton sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total value of $297,200.00. Following the completion of the transaction, the insider directly owned 11,981 shares in the company, valued at approximately $1,780,376.60. This represents a 14.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan G. Murphy sold 1,377 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the completion of the transaction, the director directly owned 10,635 shares of the company’s stock, valued at approximately $1,547,924.25. This trade represents a 11.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 25,544 shares of company stock worth $3,775,862. 5.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cim Investment Management Inc. bought a new position in shares of UMB Financial during the 2nd quarter worth about $258,000. Junto Capital Management LP bought a new stake in UMB Financial in the second quarter valued at about $58,924,000. Sequoia Financial Advisors LLC increased its stake in UMB Financial by 45.6% in the second quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the bank’s stock valued at $880,000 after acquiring an additional 1,929 shares during the period. Integrated Wealth Concepts LLC acquired a new position in UMB Financial in the second quarter worth about $102,000. Finally, Nykredit A S acquired a new position in UMB Financial in the second quarter worth about $556,000. Institutional investors own 87.78% of the company’s stock.

About UMB Financial

(Get Free Report)

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to businesses, institutions, governments and individuals. The company traces its history to 1913 and has developed a regional banking franchise with additional capabilities serving customers nationwide.

UMB’s business activities include commercial and personal banking, treasury management, lending, deposit services and payment solutions.

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