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

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

A number of other equities research analysts have also weighed in on the stock. Citigroup started coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price on the stock. 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 began coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock. Morgan Stanley assumed coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Finally, Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.63.

UMB Financial Stock Down 1.8 %

Shares of UMBF opened at $120.30 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 15.04 and a beta of 0.82. The stock has a fifty day moving average of $119.10 and a 200-day moving average of $109.58.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, sell-side analysts anticipate that UMB Financial will post 9.23 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the sale, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. The trade was a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by company insiders.

Institutional Trading of UMB Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of UMBF. V Square Quantitative Management LLC acquired a new position in shares of UMB Financial during the third quarter valued at about $26,000. Covestor Ltd boosted its stake in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after purchasing an additional 102 shares during the last quarter. USA Financial Formulas boosted its stake in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after purchasing an additional 268 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in UMB Financial during the 3rd quarter worth approximately $83,000. Finally, R Squared Ltd purchased a new stake in shares of UMB Financial in the fourth quarter worth approximately $117,000. 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.