UMB Financial (NASDAQ:UMBF) Rating Lowered to “Sell” at StockNews.com

UMB Financial (NASDAQ:UMBF) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

Several other equities analysts have also weighed in on UMBF. Barclays lifted their target price on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Royal Bank of Canada began coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock. Wells Fargo & Company lifted 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. Morgan Stanley started coverage on UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Finally, Citigroup assumed coverage on UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $122.00.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF traded down $0.77 on Monday, hitting $124.72. 344,709 shares of the company were exchanged, compared to its average volume of 364,003. 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’s 50 day moving average price is $113.16 and its 200 day moving average price is $99.25. UMB Financial has a 1-year low of $73.54 and a 1-year high of $129.94. The firm has a market capitalization of $6.09 billion, a P/E ratio of 15.59 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business posted $2.02 EPS. Sell-side analysts predict that UMB Financial will post 9.21 EPS for the current year.

Insider Buying and Selling

In other UMB Financial news, EVP John Pauls sold 849 shares of UMB Financial stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the transaction, the executive vice president now directly owns 6,483 shares of the company’s stock, valued at $715,852.86. The trade was a 11.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now directly owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,303 shares of company stock worth $5,830,165. 8.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in shares of UMB Financial by 403.7% in the 3rd 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. Millennium Management LLC lifted its stake in UMB Financial by 567.1% during the second quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock worth $61,208,000 after purchasing an additional 623,751 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of UMB Financial in the third quarter valued at $48,531,000. ProShare Advisors LLC grew its stake in shares of UMB Financial by 102.7% in the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after buying an additional 381,278 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of UMB Financial by 258.0% in the 3rd quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after buying an additional 282,783 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.