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

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

UMBF has been the topic of a number of other reports. Piper Sandler raised their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Citigroup reaffirmed a “neutral” rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley cut their price target on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Barclays raised their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.71.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF traded down $11.08 during trading on Thursday, reaching $90.90. 938,206 shares of the stock were exchanged, compared to its average volume of 495,324. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The stock has a 50-day moving average price of $108.08 and a 200-day moving average price of $112.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.60 billion, a PE ratio of 10.11 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period in the prior year, the firm posted $2.29 earnings per share. Research analysts expect that UMB Financial will post 9.66 EPS for the current fiscal year.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in UMB Financial by 703.2% in the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank’s stock valued at $50,000 after buying an additional 436 shares during the last quarter. Pinney & Scofield Inc. bought a new position in shares of UMB Financial during the fourth quarter valued at $152,000. GTS Securities LLC bought a new position in shares of UMB Financial during the fourth quarter valued at $480,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of UMB Financial by 18.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,798 shares of the bank’s stock worth $14,198,000 after purchasing an additional 19,426 shares during the period. Finally, State of Wyoming grew its stake in shares of UMB Financial by 46.4% in the fourth quarter. State of Wyoming now owns 3,833 shares of the bank’s stock worth $433,000 after purchasing an additional 1,215 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

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.