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

StockNews.com cut shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a research report released on Friday morning.

UMBF has been the topic of several other reports. Piper Sandler upped their price target on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Citigroup assumed coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Wells Fargo & Company upped their price target on shares of 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. They issued a “sector perform” rating and a $130.00 price target on the stock. Finally, Barclays upped their price target on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.00.

UMB Financial Trading Up 1.5 %

UMBF opened at $125.00 on Friday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 15.63 and a beta of 0.78. The firm’s 50 day moving average is $110.41 and its 200-day moving average is $96.96. UMB Financial has a 52-week low of $69.96 and a 52-week high of $128.73. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. The company 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 quarter last year, the firm posted $2.02 earnings per share. Analysts expect that UMB Financial will post 9.33 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio is currently 19.50%.

Insider Transactions at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction 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. This represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kris A. Robbins sold 5,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the completion of the transaction, the director now owns 3,211 shares of the company’s stock, valued at $329,127.50. This represents a 60.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,303 shares of company stock worth $5,830,165. Insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of UMBF. V Square Quantitative Management LLC bought a new position in UMB Financial in the 3rd quarter valued at about $26,000. Covestor Ltd lifted its holdings in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in UMB Financial in the 3rd quarter valued at about $83,000. 1620 Investment Advisors Inc. acquired a new stake in UMB Financial in the 2nd quarter valued at about $128,000. Finally, Acropolis Investment Management LLC acquired a new stake in UMB Financial in the 3rd quarter valued at about $156,000. Institutional investors own 87.78% of the company’s stock.

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.