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

StockNews.com downgraded shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

A number of other equities analysts have also issued reports on UMBF. Barclays increased their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Morgan Stanley initiated coverage on shares of UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Royal Bank of Canada started coverage on shares of UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target on the stock. Finally, Citigroup assumed coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $124.00.

UMB Financial Trading Up 3.5 %

NASDAQ:UMBF opened at $116.92 on Tuesday. The firm has a market capitalization of $5.71 billion, a P/E ratio of 14.62 and a beta of 0.82. The business has a 50 day simple moving average of $119.66 and a 200 day simple moving average of $106.96. 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.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter in the previous year, the company posted $2.02 earnings per share. Equities research analysts predict that UMB Financial will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were given a $0.40 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date was Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.37%. UMB Financial’s payout ratio is 20.00%.

Insider Transactions at UMB Financial

In other news, Director Greg M. Graves acquired 258 shares of UMB Financial stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $109.29 per share, with a total value of $28,196.82. Following the completion of the purchase, the director now owns 36,244 shares of the company’s stock, valued at $3,961,106.76. This represents a 0.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the completion of the transaction, the chief executive officer now directly owns 1,576,604 shares in the company, valued at approximately $171,581,813.32. This trade represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,303 shares of company stock valued at $5,879,967 in the last three months. 8.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UMB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of UMB Financial by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after purchasing an additional 100,000 shares in the last quarter. Geode Capital Management LLC raised its position in UMB Financial by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares during the period. FMR LLC lifted its stake in UMB Financial by 2.7% in the 3rd quarter. FMR LLC now owns 949,687 shares of the bank’s stock worth $99,822,000 after acquiring an additional 24,799 shares in the last quarter. Principal Financial Group Inc. boosted its position in UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares during the period. Finally, ProShare Advisors LLC grew its stake in UMB Financial by 102.7% during the 2nd quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after acquiring an additional 381,278 shares in the last quarter. 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.