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 report issued on Friday.

UMBF has been the subject of several other reports. Royal Bank of Canada started coverage on shares of UMB Financial in a research report on Friday. They set a “sector perform” rating and a $130.00 price objective for the company. Wells Fargo & Company upped their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Barclays upped their price target on shares of UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Morgan Stanley initiated coverage on shares of UMB Financial in a report on Thursday. They set an “overweight” rating and a $156.00 price target for the company. Finally, Citigroup initiated coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus price target of $122.00.

UMB Financial Stock Up 1.5 %

NASDAQ UMBF opened at $125.00 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial has a 1-year low of $69.96 and a 1-year high of $128.73. The company has a 50 day moving average of $110.81 and a 200-day moving average of $97.37. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 15.63 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS 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 business had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same period in the previous year, the business earned $2.02 earnings per share. On average, equities research analysts expect that UMB Financial will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

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

Insiders Place Their Bets

In other UMB Financial news, Director Greg M. Graves purchased 258 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the acquisition, the director now owns 36,244 shares in the company, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,303 shares of company stock worth $5,830,165. Company insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in UMB Financial in the 3rd quarter valued at about $26,000. Covestor Ltd lifted its position in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares in the last quarter. Point72 Asset Management L.P. bought a new position in UMB Financial in the 3rd quarter valued at about $83,000. 1620 Investment Advisors Inc. bought a new position in shares of UMB Financial during the 2nd quarter worth approximately $128,000. Finally, Acropolis Investment Management LLC bought a new position in shares of UMB Financial during the 3rd quarter worth approximately $156,000. 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.