In a report released today, Nathan Race from Piper Sandler upgraded UMB Financial (UMBF – Research Report) to a Buy, with a price target of $74.00. The company’s shares closed yesterday at $61.87.
According to TipRanks, Race is a 4-star analyst with an average return of 5.7% and a 45.09% success rate. Race covers the Financial sector, focusing on stocks such as Midland States Bancrop, Byline Bancorp, and First Merchants.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UMB Financial with a $74.67 average price target.
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UMBF market cap is currently $3B and has a P/E ratio of 8.05.
Based on the recent corporate insider activity of 139 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.
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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.
Read More on UMBF:
- Here’s What Caused KeyCorp (NYSE:KEY) & Other Regional Bank Stocks to Decline Yesterday
- S&P lowers ratings for KeyCorp, Comerica, other banks
- UMB Financial price target raised to $74 from $66 at Piper Sandler
- UMB Financial reports Q2 operating EPS $1.93, consensus $1.92
- UMBF Upcoming Earnings Report: What to Expect?
