UMB Financial Receives Neutral Rating from Citigroup

Analysts at Citigroup have reaffirmed a "neutral" rating for UMB Financial (NASDAQ:UMBF) in a recent research note released on Monday. They have adjusted their price target for the bank's stock to $127.00, which is a decrease from the previous target of $130.00. This new price target suggests a potential upside of approximately 7.72% based on the stock's last closing price.

Furthermore, several other financial institutions have also provided their insights on UMB Financial. Royal Bank of Canada continues to rate the stock as "sector perform" with a target price of $128.00 set in a report last Thursday. Additionally, StockNews.com has upgraded UMB Financial from a "sell" rating to a "hold" rating recently. Meanwhile, Wells Fargo & Company increased their target on the shares from $107.00 to $120.00, maintaining an "equal weight" rating as of late October. Morgan Stanley has started coverage with an "overweight" rating and a price target of $156.00, and Piper Sandler has also risen their target from $142.00 to $143.00 with an "overweight" rating.

According to MarketBeat.com, among the analysts watching UMB Financial, there are four who have rated the stock as a hold and four who have given it a buy recommendation. The overall consensus among analysts is that UMB Financial has a "Moderate Buy" rating, with an average target price of $130.14.

UMB Financial's Stock Performance

On Monday, shares of UMB Financial opened at $117.90. The bank has a market capitalization of $5.75 billion, a price-to-earnings ratio of 13.11, and a beta value of 0.82, indicating relatively stable stock performance compared to the broader market. The stock has shown a moving average of $118.91 over the last 50 days and $110.01 over the last 200 days. UMB Financial’s stock has ranged between a low of $76.00 and a high of $129.94 over the past year.

In the latest earnings report, released on January 28, UMB Financial announced earnings per share (EPS) of $2.49 for the quarter, surpassing the estimated EPS of $2.25 by $0.24. The bank also posted a net margin of 15.76% and a return on equity of 13.73%. This performance indicates positive growth compared to the previous year, where the EPS was reported at $2.29. Analysts are projecting an average EPS of 9.51 for the current fiscal year.

Insider Transactions and Institutional Holdings

In insider trading news, Robert Brian Beaird sold 854 shares of UMB Financial on November 21 at an average price of $123.38, concluding a transaction valued at over $105,000. Following this sale, he holds 5,828 shares of the company. In another transaction, CEO J. Mariner Kemper sold 24,300 shares on December 2, totaling approximately $3.04 million, and now possesses around 1.55 million shares of UMB Financial. Collectively, insiders own about 8.85% of the company's stock.

Recent movements in the market indicate that hedge funds and institutional investors are actively adjusting their positions in UMB Financial. For instance, Truist Financial Corp has increased its stake by 0.4%, acquiring an additional 83 shares recently. Other notable changes include a 31.0% increase by Covestor Ltd and a 6.5% rise by Heritage Family Offices LLP, further enhancing their holdings in the bank's stock. Approximately 87.78% of UMB Financial’s shares are held by institutional investors, which showcases strong institutional confidence in the bank.

Company Overview

UMB Financial Corporation is established as a bank holding company that provides a variety of banking services and asset management solutions both in the United States and internationally. Its commercial banking segment includes services such as commercial loans, credit cards, financing for commercial real estate, and treasury management solutions. With a strong focus on client solutions, UMB Financial aims to offer comprehensive financial services that meet the diverse needs of its customers.

Finance, Stocks, Investment