UMB Financial (NASDAQ:UMBF) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a research report released on Friday.

Other research analysts have also issued reports about the stock. Piper Sandler raised their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Morgan Stanley assumed coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. Citigroup assumed coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada assumed coverage on shares of UMB Financial in a research report on Friday. They set a “sector perform” rating and a $130.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.00.

UMB Financial Trading Up 2.1 %

NASDAQ:UMBF opened at $127.60 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 16.12 and a beta of 0.78. The firm has a fifty day simple moving average of $110.81 and a two-hundred day simple moving average of $97.47. UMB Financial has a 12 month low of $69.96 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same period last year, the company posted $2.02 earnings per share. Analysts expect that UMB Financial will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a $0.40 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.25%. UMB Financial’s payout ratio is currently 20.00%.

Insiders Place Their Bets

In related news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the transaction, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg M. Graves purchased 258 shares of the business’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $109.29 per share, with a total value of $28,196.82. Following the purchase, the director now owns 36,244 shares in the company, valued at approximately $3,961,106.76. This represents a 0.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 55,303 shares of company stock valued at $5,830,165. Company insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds have recently made changes to their positions in UMBF. Janney Montgomery Scott LLC purchased a new position in UMB Financial during the 1st quarter valued at $252,000. Russell Investments Group Ltd. increased its position in UMB Financial by 1.9% during the 1st quarter. Russell Investments Group Ltd. now owns 30,016 shares of the bank’s stock valued at $2,611,000 after purchasing an additional 567 shares during the period. Vanguard Group Inc. grew its position in shares of UMB Financial by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after buying an additional 394,578 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of UMB Financial by 30.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank’s stock worth $300,000 after buying an additional 809 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of UMB Financial by 167.4% in the 1st quarter. Lazard Asset Management LLC now owns 4,768 shares of the bank’s stock worth $414,000 after buying an additional 2,985 shares during the period. 87.78% of the stock is currently owned by institutional investors.

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.