UMB Financial (NASDAQ:UMBF) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of UMB Financial (NASDAQ:UMBF) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

UMBF has been the topic of a number of other reports. Royal Bank of Canada began coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 target price on the stock. Citigroup assumed coverage on UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Barclays raised their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their target price on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley began coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Three research analysts have rated the stock with 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.com, UMB Financial has a consensus rating of “Moderate Buy” and a consensus price target of $126.63.

UMB Financial Stock Performance

NASDAQ UMBF opened at $117.90 on Wednesday. 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 $76.00 and a 1-year high of $129.94. The business has a 50 day simple moving average of $118.91 and a two-hundred day simple moving average of $109.83. The stock has a market capitalization of $5.75 billion, a PE ratio of 13.11 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.90%. During the same period last year, the firm earned $2.29 earnings per share. On average, research analysts predict that UMB Financial will post 9.4 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the sale, the chief executive officer now owns 1,552,304 shares of the company’s stock, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 directly owns 5,828 shares in the company, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.85% of the company’s stock.

Institutional Trading of UMB Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Cerity Partners LLC increased its position in UMB Financial by 767.4% during the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after purchasing an additional 18,817 shares during the period. Principal Financial Group Inc. boosted its stake in shares of UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares in the last quarter. Natixis Advisors LLC increased its holdings in UMB Financial by 51.2% during the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after buying an additional 9,803 shares during the period. King Luther Capital Management Corp raised its stake in UMB Financial by 229.6% in the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock worth $4,952,000 after buying an additional 32,820 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in UMB Financial by 1,189.7% during the second quarter. Bank of Montreal Can now owns 67,802 shares of the bank’s stock worth $5,657,000 after buying an additional 62,545 shares during the period. 87.78% of the stock is currently owned by 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.