UMB Financial (NASDAQ:UMBF) Rating Lowered to Sell at StockNews.com

UMB Financial (NASDAQ:UMBF) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company raised their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Barclays raised their price objective on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Royal Bank of Canada assumed coverage on UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target for the company. Citigroup began coverage on UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. Finally, Morgan Stanley began coverage on shares of UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.00.

UMB Financial Stock Performance

UMB Financial stock opened at $126.05 on Monday. The company has a market capitalization of $6.15 billion, a P/E ratio of 15.76 and a beta of 0.80. The business has a 50 day moving average of $113.58 and a 200-day moving average of $99.53. 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 1 year low of $73.54 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its 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. 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 quarter in the previous year, the business earned $2.02 earnings per share. On average, equities research analysts predict that UMB Financial will post 9.21 earnings per share for the current year.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value 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 $162,988,036.24. This represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kris A. Robbins sold 5,000 shares of the business’s 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 sale, the director now owns 3,211 shares in the company, valued at approximately $329,127.50. This trade represents a 60.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,303 shares of company stock worth $5,830,165. Company insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UMBF. V Square Quantitative Management LLC purchased a new position in UMB Financial during the third quarter worth approximately $26,000. Covestor Ltd lifted its position in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of UMB Financial during the third quarter worth about $83,000. 1620 Investment Advisors Inc. bought a new stake in shares of UMB Financial during the second quarter valued at about $128,000. Finally, Acropolis Investment Management LLC acquired a new stake in shares of UMB Financial in the third quarter valued at $156,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.