StockNews.com Upgrades UMB Financial (NASDAQ:UMBF) to “Hold”

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

A number of other research analysts also recently commented on UMBF. Wells Fargo & Company increased their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada assumed coverage on shares of UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective on the stock. Citigroup initiated coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. Barclays increased their target price 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, Morgan Stanley started 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 for the company. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

UMB Financial Trading Up 1.2 %

UMBF opened at $114.61 on Friday. The business has a fifty day moving average price of $118.10 and a 200 day moving average price of $102.97. 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 has a 12 month low of $76.00 and a 12 month high of $129.94. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 14.33 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. The business had revenue of $716.44 million for the quarter, compared to analyst estimates 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 business earned $2.02 EPS. Sell-side analysts expect that UMB Financial will post 9.21 earnings per share for the current fiscal year.

Insider Activity at UMB Financial

In other news, Director Greg M. Graves bought 258 shares of UMB Financial stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,603 shares of company stock worth $8,353,950 in the last quarter. Company insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of UMB Financial during the 3rd quarter worth approximately $26,000. Covestor Ltd grew its holdings in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the period. Point72 Asset Management L.P. purchased a new position in UMB Financial in the third quarter worth $83,000. Acropolis Investment Management LLC acquired a new stake in UMB Financial in the third quarter valued at $156,000. Finally, Heritage Family Offices LLP purchased a new stake in shares of UMB Financial during the 3rd quarter worth $203,000. Institutional investors and hedge funds 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.