UMB Financial (NASDAQ:UMBF) Upgraded at StockNews.com

UMB Financial (NASDAQ:UMBF) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley cut their price objective on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Citigroup reissued a “neutral” rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Barclays boosted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Piper Sandler increased their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.71.

UMB Financial Trading Down 10.9 %

NASDAQ UMBF traded down $11.08 during trading on Thursday, reaching $90.90. 938,206 shares of the stock traded hands, compared to its average volume of 495,324. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 10.11 and a beta of 0.79. The stock’s 50-day moving average price is $108.08 and its 200 day moving average price is $112.26.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating analysts’ consensus estimates 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 EPS for the current year.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc increased its position in UMB Financial by 703.2% during the first quarter. Versant Capital Management Inc now owns 498 shares of the bank’s stock worth $50,000 after buying an additional 436 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of UMB Financial during the 4th quarter worth approximately $152,000. GTS Securities LLC bought a new position in shares of UMB Financial during the 4th quarter worth approximately $480,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of UMB Financial by 18.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,798 shares of the bank’s stock worth $14,198,000 after acquiring an additional 19,426 shares during the last quarter. Finally, State of Wyoming raised its stake in UMB Financial by 46.4% in the 4th quarter. State of Wyoming now owns 3,833 shares of the bank’s stock valued at $433,000 after acquiring an additional 1,215 shares during the period. 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.