UMB Financial (NASDAQ:UMBF) Upgraded to Hold at StockNews.com

UMB Financial (NASDAQ:UMBF) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities analysts also recently weighed in on UMBF. Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price for the company. Royal Bank of Canada started coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised their price target on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley began coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.00.

UMB Financial Stock Performance

UMBF opened at $114.61 on Friday. The stock’s 50 day simple moving average is $118.10 and its 200 day simple moving average is $102.97. The stock has a market cap of $5.59 billion, a P/E ratio of 14.33 and a beta of 0.80. UMB Financial has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter in the prior year, the company earned $2.02 earnings per share. As a group, equities analysts anticipate that UMB Financial will post 9.21 EPS for the current fiscal year.

Insider Transactions at UMB Financial

In other news, Director Greg M. Graves purchased 258 shares of the stock in a transaction on Friday, November 1st. The stock was purchased at an average price of $109.29 per share, with a total value of $28,196.82. Following the completion of the transaction, the director now owns 36,244 shares in the company, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the sale, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,603 shares of company stock worth $8,353,950 in the last three months. Company insiders own 8.85% of the company’s stock.

Institutional Trading of UMB Financial

Institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in UMB Financial in the third quarter valued at approximately $26,000. Covestor Ltd increased its position in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial in the third quarter worth $83,000. Acropolis Investment Management LLC purchased a new position in shares of UMB Financial in the 3rd quarter valued at $156,000. Finally, Heritage Family Offices LLP acquired a new position in shares of UMB Financial during the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.