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

UMB Financial (NASDAQ:UMBF) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Other research analysts also recently issued reports about the company. Barclays lifted their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Piper Sandler lifted their price objective on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup reiterated a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley dropped 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 report on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. One equities research 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $128.71.

UMB Financial Trading Down 0.2 %

Shares of NASDAQ:UMBF traded down $0.22 during midday trading on Tuesday, hitting $105.05. 530,603 shares of the stock were exchanged, compared to its average volume of 466,513. The business’s 50-day moving average price is $110.85 and its 200 day moving average price is $112.51. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 11.69 and a beta of 0.79. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the company posted $2.29 earnings per share. Analysts predict that UMB Financial will post 9.66 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 13,010 shares of the company’s stock, valued at approximately $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 owned by insiders.

Institutional Investors Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in 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 period. Wellington Management Group LLP lifted its stake in shares of 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 holdings in shares of UMB Financial by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares during the last quarter. FMR LLC increased its position in shares of 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. raised 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. 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.