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

UMB Financial (NASDAQ:UMBF) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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

UMB Financial Stock Up 3.5 %

NASDAQ UMBF traded up $4.00 on Tuesday, reaching $116.92. The stock had a trading volume of 486,357 shares, compared to its average volume of 500,132. UMB Financial has a 1 year low of $76.00 and a 1 year high of $129.94. The business has a 50 day moving average price of $119.66 and a 200 day moving average price of $106.96. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 14.62 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. The firm had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter in the prior year, the company posted $2.02 earnings per share. On average, analysts forecast that UMB Financial will post 9.21 EPS for the current fiscal year.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Greg M. Graves purchased 258 shares of the stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $109.29 per share, with a total value of $28,196.82. Following the acquisition, the director now directly owns 36,244 shares of the company’s stock, valued at $3,961,106.76. This represents a 0.72 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Brian Beaird sold 854 shares of the firm’s 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 of the company’s stock, valued at $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,303 shares of company stock worth $5,879,967. 8.85% of the stock is currently owned by company insiders.

Institutional Trading of UMB Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMBF. Dimensional Fund Advisors LP boosted its holdings 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 valued at $140,968,000 after purchasing an additional 100,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in UMB Financial by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares in the last quarter. FMR LLC boosted its stake in UMB Financial by 2.7% in the 3rd quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after buying an additional 24,799 shares in the last quarter. Principal Financial Group Inc. grew its position in UMB Financial by 403.7% in the third 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 during the period. Finally, ProShare Advisors LLC raised its stake in UMB Financial by 102.7% during the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock worth $62,780,000 after acquiring an additional 381,278 shares in the last quarter. 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.