Wells Fargo Keeps Their Hold Rating on UMB Financial (UMBF)

Wells Fargo analyst Mike Mayo maintained a Hold rating on UMB Financial (UMBF – Research Report) yesterday and set a price target of $90.00. The company’s shares closed yesterday at $82.21.

Mayo covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase & Co., and Bank of America. According to TipRanks, Mayo has an average return of 12.5% and a 65.83% success rate on recommended stocks.

Currently, the analyst consensus on UMB Financial is a Moderate Buy with an average price target of $92.67, a 12.72% upside from current levels. In a report released on April 30, KBW also assigned a Hold rating to the stock with a $93.00 price target.

Based on UMB Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $370.78 million and a net profit of $70.92 million. In comparison, last year the company earned a revenue of $370.66 million and had a net profit of $100.17 million

Based on the recent corporate insider activity of 152 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UMBF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

UMB Financial (UMBF) Company Description:

UMB Financial Corp. operates as a financial holding company, which engages in the provision of bank and asset services. It operates through the Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking serves the commercial lending and leasing, capital markets, and treasury management needs of the company’s mid-market businesses and governmental entities by offering various products and services. The Institutional Banking is a combination of banking services, fund services, and asset management services provided to institutional clients. The Personal Banking combines consumer services and asset management provided to personal clients. The Healthcare Services provides healthcare payment solutions including custodial services for health savings accounts and private label, multipurpose debit cards to insurance carriers, third-party administrators, software companies, employers, and financial institutions. The company was founded was founded in 1967 and is headquartered in Kansas City, MO.