UMB Financial (NASDAQ:UMBF) Cut to Sell at StockNews.com

StockNews.com cut shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a research note published on Tuesday morning.

UMBF has been the topic of a number of other research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Citigroup reiterated a “neutral” rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Morgan Stanley cut their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Barclays boosted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Piper Sandler boosted their price target on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $128.71.

UMB Financial Stock Performance

NASDAQ UMBF opened at $101.85 on Tuesday. The business’s 50 day moving average price is $110.22 and its 200-day moving average price is $112.37. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company has a market cap of $7.40 billion, a P/E ratio of 11.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating 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 earned $2.29 EPS. Sell-side analysts predict that UMB Financial will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.57%. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas boosted its holdings in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares in the last quarter. Covestor Ltd raised its position in shares of UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in UMB Financial in the 3rd quarter worth approximately $83,000. Venturi Wealth Management LLC purchased a new stake in UMB Financial during the 4th quarter worth approximately $96,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in UMB Financial during the 4th quarter valued at approximately $103,000. 87.78% of the stock is currently owned by hedge funds and other 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.