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

StockNews.com downgraded shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a research report released on Tuesday morning.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley cut their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Piper Sandler lifted their price target on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Barclays increased their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Citigroup restated a “neutral” rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $128.71.

UMB Financial Stock Down 1.9 %

Shares of UMBF opened at $101.85 on Tuesday. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 11.33 and a beta of 0.79. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94. The stock’s 50-day moving average price is $110.22 and its 200-day moving average price is $112.37. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 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 quarter in the previous year, the business posted $2.29 EPS. On average, sell-side analysts predict that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio is presently 17.80%.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UMBF. Vanguard Group Inc. raised its stake in UMB Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank’s stock worth $537,494,000 after purchasing an additional 48,507 shares during the period. Wellington Management Group LLP increased its holdings in shares of UMB Financial by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock worth $228,122,000 after buying an additional 102,104 shares during the last quarter. Geode Capital Management LLC raised its position in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares during the period. FMR LLC lifted its holdings in UMB Financial by 2.7% in the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after acquiring an additional 24,799 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

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.