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

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

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

UMB Financial Trading Down 4.4 %

UMB Financial stock opened at $86.88 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50 day moving average price is $107.40 and its 200-day moving average price is $112.13. UMB Financial has a 1 year low of $76.00 and a 1 year high of $129.94. The stock has a market cap of $6.31 billion, a P/E ratio of 9.66 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping 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 EPS. On average, equities analysts predict that UMB Financial will post 9.66 earnings per share for the current fiscal year.

Insider Activity at UMB Financial

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

Institutional Investors Weigh In On UMB Financial

Several hedge funds have recently made changes to their positions in the company. USA Financial Formulas increased its stake in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after buying an additional 268 shares during the period. Versant Capital Management Inc increased its position in UMB Financial by 703.2% during the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank’s stock valued at $50,000 after purchasing an additional 436 shares during the period. Covestor Ltd raised its holdings in shares of UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock valued at $63,000 after purchasing an additional 124 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of UMB Financial in the 3rd quarter worth approximately $83,000. Finally, Venturi Wealth Management LLC bought a new position in shares of UMB Financial during the fourth quarter valued at approximately $96,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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.