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

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

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

UMB Financial Trading Up 3.5 %

NASDAQ UMBF opened at $116.92 on Tuesday. The company has a market cap of $5.71 billion, a P/E ratio of 14.62 and a beta of 0.82. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50-day moving average of $119.66 and a 200-day moving average of $106.96.

UMB Financial (NASDAQ:UMBF) last issued 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 firm had revenue of $716.44 million during the quarter, compared to analyst estimates 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 prior year, the business posted $2.02 earnings per share. As a group, equities analysts predict that UMB Financial will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Tuesday, December 10th. UMB Financial’s payout ratio is presently 20.00%.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $108.83, for a total value of $2,644,569.00. Following the transaction, the chief executive officer now directly owns 1,576,604 shares of the company’s stock, valued at $171,581,813.32. This represents a 1.52 % decrease in their position. The sale 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 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 completion of the sale, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,303 shares of company stock valued at $5,879,967. Insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Large investors have recently modified their holdings of the stock. Cerity Partners LLC raised its stake in UMB Financial by 767.4% during the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after buying an additional 18,817 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in UMB Financial by 6.3% during the second 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 during the last quarter. Interval Partners LP acquired a new position in UMB Financial in the second quarter worth $3,286,000. Finally, King Luther Capital Management Corp increased its stake in UMB Financial by 229.6% during the third 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. Institutional investors 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.