UMB Financial (NASDAQ:UMBF) Upgraded 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 report report published on Thursday morning.

Several other equities research analysts have also recently commented on the company. Barclays boosted their target price on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Piper Sandler increased their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Morgan Stanley lowered their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Citigroup restated a “neutral” rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.71.

UMB Financial Stock Down 10.9 %

Shares of UMBF stock opened at $90.90 on Thursday. UMB Financial has a 12-month low of $76.00 and a 12-month high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average of $108.08 and a 200-day moving average of $112.26. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 10.11 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the firm posted $2.29 earnings per share. As a group, equities research analysts predict that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. UMB Financial’s dividend payout ratio is presently 17.80%.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction 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. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. US Bancorp DE grew its position in shares of UMB Financial by 46.9% in the fourth quarter. US Bancorp DE now owns 13,105 shares of the bank’s stock valued at $1,479,000 after purchasing an additional 4,182 shares during the last quarter. Principal Financial Group Inc. grew its holdings in UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after buying an additional 694,751 shares in the last quarter. Vontobel Holding Ltd. increased its position in UMB Financial by 107.8% during the 4th quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock worth $626,000 after buying an additional 2,877 shares during the period. Geode Capital Management LLC increased its position in UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after buying an additional 21,091 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of UMB Financial during the fourth quarter worth $1,752,000. 87.78% of the stock is owned by 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.