UMB Financial (NASDAQ:UMBF) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a report published on Friday.

Other research analysts have also issued reports about the stock. Citigroup initiated coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. Piper Sandler lifted their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their price target 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 initiated coverage on shares of UMB Financial in a research report on Friday. They set a “sector perform” rating and a $130.00 price target for the company. Finally, Barclays boosted their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and an average price target of $122.00.

UMB Financial Trading Up 1.5 %

Shares of UMBF stock opened at $125.00 on Friday. UMB Financial has a 12-month low of $69.96 and a 12-month high of $128.73. The firm has a market cap of $6.10 billion, a P/E ratio of 15.63 and a beta of 0.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $110.81 and a 200-day moving average of $97.37.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same period in the previous year, the business earned $2.02 EPS. Sell-side analysts anticipate that UMB Financial will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, December 10th. UMB Financial’s payout ratio is currently 19.50%.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the sale, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. The trade was a 1.50 % decrease in their position. 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 UMB Financial stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the sale, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,303 shares of company stock valued at $5,830,165. Insiders own 8.85% of the company’s stock.

Institutional Trading of UMB Financial

Several hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd lifted its stake in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares during the last quarter. CWM LLC lifted its stake in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after purchasing an additional 129 shares during the last quarter. Truist Financial Corp lifted its stake in UMB Financial by 3.3% in the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock worth $354,000 after purchasing an additional 136 shares during the last quarter. Commerce Bank lifted its stake in UMB Financial by 0.3% in the third quarter. Commerce Bank now owns 41,708 shares of the bank’s stock worth $4,384,000 after purchasing an additional 142 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in UMB Financial by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock worth $4,496,000 after purchasing an additional 200 shares during the last quarter. 87.78% of the stock is 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.