UMB Financial (NASDAQ:UMBF) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of UMB Financial (NASDAQ:UMBF) from a sell rating to a hold rating in a report issued on Thursday morning.

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

UMB Financial Stock Performance

Shares of UMBF stock opened at $86.88 on Thursday. The business’s fifty day simple moving average is $107.40 and its 200-day simple moving average is $112.18. UMB Financial has a 12-month low of $76.00 and a 12-month high of $129.94. The company has a market cap of $6.31 billion, a PE ratio of 9.66 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the business posted $2.29 EPS. Analysts expect that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $0.40 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company’s stock.

Institutional Trading of UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp raised its holdings in shares of UMB Financial by 0.4% in the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock valued at $2,208,000 after buying an additional 83 shares during the period. Covestor Ltd increased its holdings in UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock worth $63,000 after purchasing an additional 124 shares during the period. Heritage Family Offices LLP raised its position in UMB Financial by 6.5% in the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after purchasing an additional 125 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in UMB Financial by 5.8% in the fourth quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank’s stock worth $266,000 after acquiring an additional 130 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of UMB Financial by 5.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock worth $410,000 after purchasing an additional 186 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other 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.