StockNews.com Downgrades UMB Financial (NASDAQ:UMBF) to Sell

StockNews.com downgraded shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a report issued on Tuesday.

Several other research firms also recently issued reports on UMBF. Royal Bank of Canada reissued a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Piper Sandler boosted their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Barclays lifted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Citigroup restated a “neutral” rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $128.71.

UMB Financial Stock Down 0.2 %

NASDAQ:UMBF opened at $105.05 on Tuesday. UMB Financial has a 1 year low of $76.00 and a 1 year high of $129.94. The stock has a 50-day moving average price of $110.85 and a two-hundred day moving average price of $112.51. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 11.69 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter in the prior year, the business earned $2.29 earnings per share. As a group, equities analysts expect that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is 17.80%.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UMB Financial

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of UMB Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank’s stock valued at $537,494,000 after purchasing an additional 48,507 shares during the last quarter. Wellington Management Group LLP boosted its stake in UMB Financial by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock valued at $228,122,000 after buying an additional 102,104 shares in the last quarter. Geode Capital Management LLC grew its position in UMB Financial by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after acquiring an additional 21,091 shares during the last quarter. FMR LLC raised its stake in UMB Financial by 2.7% during the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock worth $99,822,000 after acquiring an additional 24,799 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

About UMB Financial

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.