UMB Financial (NASDAQ:UMBF) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of UMB Financial (NASDAQ:UMBF) from a sell rating to a hold rating in a research note issued to investors on Friday.

Several other equities research analysts also recently weighed in on the company. Barclays upped their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Morgan Stanley assumed coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price on the stock. Citigroup started coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. Wells Fargo & Company increased their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada started coverage on UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price for the company. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

UMB Financial Trading Up 1.2 %

Shares of NASDAQ UMBF opened at $114.61 on Friday. The stock has a fifty day simple moving average of $118.10 and a 200-day simple moving average of $102.81. UMB Financial has a twelve month low of $76.00 and a twelve month high of $129.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.59 billion, a PE ratio of 14.33 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. The business had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the previous year, the firm posted $2.02 earnings per share. On average, equities analysts forecast that UMB Financial will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.40%. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is currently 20.00%.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This represents a 1.54 % 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, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the sale, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,603 shares of company stock valued at $8,353,950. Company insiders own 8.85% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC raised its holdings in shares of UMB Financial by 767.4% in the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock worth $2,236,000 after acquiring an additional 18,817 shares during the last quarter. Dimensional Fund Advisors LP increased its position in UMB Financial by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after purchasing an additional 100,000 shares in the last quarter. Interval Partners LP acquired a new position in UMB Financial in the 2nd quarter valued at about $3,286,000. King Luther Capital Management Corp raised its stake in UMB Financial by 229.6% in the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after purchasing an additional 32,820 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in UMB Financial by 51.2% in the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after purchasing an additional 9,803 shares in the last quarter. 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.