UMB Financial (NASDAQ:UMBF) Upgraded at StockNews.com

UMB Financial (NASDAQ:UMBF) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

UMBF has been the subject of a number of other research reports. Barclays boosted their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped 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 report on Thursday, October 31st. Morgan Stanley began coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price on the stock. Citigroup began coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. Finally, Royal Bank of Canada assumed coverage on shares of UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price for the company. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

UMB Financial Price Performance

Shares of UMBF traded up $0.94 during trading hours on Wednesday, hitting $122.56. The stock had a trading volume of 1,578,128 shares, compared to its average volume of 583,607. UMB Financial has a 52 week low of $76.00 and a 52 week high of $129.94. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 15.32 and a beta of 0.82. The company’s fifty day moving average is $119.06 and its two-hundred day moving average is $109.49. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same period last year, the company earned $2.29 EPS. On average, analysts anticipate that UMB Financial will post 9.23 EPS for the current year.

Insider Activity at UMB Financial

In other news, EVP John Pauls sold 849 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the completion of the sale, the executive vice president now directly owns 6,483 shares of the company’s stock, valued at $715,852.86. The trade was a 11.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the completion of the transaction, the chief executive officer now directly owns 1,576,604 shares in the company, valued at approximately $171,581,813.32. The trade was a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,303 shares of company stock worth $5,879,967 over the last ninety days. Insiders own 8.85% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of UMB Financial by 1,189.7% in the second quarter. Bank of Montreal Can now owns 67,802 shares of the bank’s stock valued at $5,657,000 after acquiring an additional 62,545 shares in the last quarter. Squarepoint Ops LLC purchased a new position in UMB Financial in the second quarter worth $2,592,000. The Manufacturers Life Insurance Company boosted its position in UMB Financial by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock worth $4,496,000 after purchasing an additional 200 shares during the last quarter. Mackenzie Financial Corp grew its stake in UMB Financial by 104.3% in the 2nd quarter. Mackenzie Financial Corp now owns 5,575 shares of the bank’s stock valued at $465,000 after purchasing an additional 2,846 shares during the period. Finally, Creative Planning increased its position in shares of UMB Financial by 6.6% during the 2nd quarter. Creative Planning now owns 39,657 shares of the bank’s stock valued at $3,308,000 after purchasing an additional 2,453 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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.