StockNews.com Downgrades UMB Financial (NASDAQ:UMBF) to Sell

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

Other analysts also recently issued reports about the company. Morgan Stanley decreased their price target on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Citigroup reaffirmed a “neutral” rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Piper Sandler increased their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $128.71.

UMB Financial Stock Down 0.2 %

Shares of NASDAQ UMBF traded down $0.22 during trading on Tuesday, hitting $105.05. The stock had a trading volume of 530,603 shares, compared to its average volume of 466,513. The firm has a fifty day moving average of $110.85 and a two-hundred day moving average of $112.51. The company has a market capitalization of $7.63 billion, a PE ratio of 11.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the business posted $2.29 earnings per share. As a group, equities research analysts forecast that UMB Financial will post 9.66 EPS for the current fiscal year.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. USA Financial Formulas boosted its holdings in UMB Financial by 124.7% in 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 period. Covestor Ltd raised its position in shares of UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank’s stock worth $63,000 after buying an additional 124 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of UMB Financial in the third quarter worth $83,000. Venturi Wealth Management LLC bought a new stake in UMB Financial during the fourth quarter valued at $96,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in UMB Financial during the fourth quarter worth about $103,000. 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.