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

UMB Financial (NASDAQ:UMBF) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Royal Bank of Canada began coverage on shares of UMB Financial in a research note on Friday. They issued a “sector perform” rating and a $130.00 target price for the company. Morgan Stanley assumed coverage on shares of UMB Financial in a research note on Thursday. They issued an “overweight” rating and a $156.00 target price for the company. Piper Sandler upped their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Citigroup assumed coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

UMB Financial Price Performance

UMB Financial stock opened at $125.00 on Friday. UMB Financial has a 52 week low of $69.96 and a 52 week high of $128.73. 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 firm’s 50-day simple moving average is $110.81 and its 200 day simple moving average is $97.26. The firm has a market capitalization of $6.10 billion, a PE ratio of 15.63 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter in the previous year, the company posted $2.02 EPS. On average, equities research analysts predict that UMB Financial will post 9.33 EPS for the current fiscal year.

Insider Transactions at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the company’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 value of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kris A. Robbins sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the completion of the transaction, the director now owns 3,211 shares of the company’s stock, valued at approximately $329,127.50. This represents a 60.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,303 shares of company stock worth $5,830,165. 8.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in UMB Financial in the 3rd quarter worth approximately $26,000. Covestor Ltd boosted its holdings in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the period. Point72 Asset Management L.P. purchased a new position in UMB Financial in the 3rd quarter worth approximately $83,000. 1620 Investment Advisors Inc. purchased a new position in UMB Financial in the 2nd quarter worth approximately $128,000. Finally, Acropolis Investment Management LLC purchased a new position in shares of UMB Financial during the 3rd 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.