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

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

Several other research firms also recently weighed in on UMBF. Royal Bank of Canada initiated coverage on shares of UMB Financial in a report on Friday. They set a “sector perform” rating and a $130.00 target price for the company. Piper Sandler raised their target price on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Citigroup initiated coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price for the company. Wells Fargo & Company raised their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Barclays raised their target price on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.00.

UMB Financial Stock Performance

Shares of UMBF opened at $125.00 on Friday. The company has a 50-day simple moving average of $110.41 and a 200-day simple moving average of $96.96. 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 market capitalization of $6.10 billion, a PE ratio of 15.63 and a beta of 0.78. UMB Financial has a 52-week low of $69.96 and a 52-week high of $128.73.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) 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 the consensus estimate of $398.83 million. During the same quarter last year, the firm posted $2.02 EPS. Equities research analysts predict that UMB Financial will post 9.33 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is currently 19.50%.

Insiders Place Their Bets

In related news, Director Greg M. Graves bought 258 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $109.29 per share, with a total value of $28,196.82. Following the completion of the transaction, the director now owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 5,828 shares in the company, 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. Insiders have sold 55,303 shares of company stock valued at $5,830,165 in the last ninety days. Insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in UMB Financial in the third quarter valued at approximately $26,000. Covestor Ltd raised its holdings in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares during the period. Point72 Asset Management L.P. purchased a new position in UMB Financial in the third quarter valued at approximately $83,000. 1620 Investment Advisors Inc. purchased a new position in UMB Financial in the second quarter valued at approximately $128,000. Finally, Acropolis Investment Management LLC purchased a new position in UMB Financial in the third quarter valued at approximately $156,000. Hedge funds and other 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.