UMB Financial (NASDAQ:UMBF) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Other equities analysts have also issued reports about the company. Barclays boosted their price target on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Morgan Stanley began coverage on UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Citigroup began coverage on UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. Wells Fargo & Company boosted their price target on 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 began coverage on UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target on the stock. One equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.00.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $124.72 on Monday. UMB Financial has a fifty-two week low of $73.54 and a fifty-two week high of $129.94. The business has a 50-day moving average of $113.16 and a two-hundred day moving average of $99.25. The stock has a market capitalization of $6.09 billion, a P/E ratio of 15.59 and a beta of 0.78. 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 quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter in the previous year, the firm earned $2.02 EPS. On average, equities research analysts predict 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. Stockholders of record on Tuesday, December 10th will be paid a $0.40 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio is currently 19.50%.

Insider Activity

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

Institutional Investors Weigh In On UMB Financial

Large investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC bought a new stake in UMB Financial during the 2nd quarter worth approximately $3,808,000. Dimensional Fund Advisors LP grew its position in UMB Financial by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after acquiring an additional 100,000 shares during the last quarter. Interval Partners LP acquired a new position in UMB Financial during the 2nd quarter worth $3,286,000. Cerity Partners LLC boosted its position in UMB Financial by 767.4% in the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after buying an additional 18,817 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its position in UMB Financial by 229.6% in the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after buying an additional 32,820 shares during the last quarter. 87.78% of the stock is currently 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.