UMB Financial (NASDAQ:UMBF) Lifted to Hold at StockNews.com

UMB Financial (NASDAQ:UMBFGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company lowered their price target on shares of UMB Financial from $110.00 to $100.00 in a report on Thursday. Raymond James lifted their price objective on shares of UMB Financial from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $108.50.

UMBF opened at $90.18 on Friday. The business’s 50 day moving average is $97.40 and its 200-day moving average is $101.65. The stock has a market cap of $4.37 billion, a PE ratio of 12.01 and a beta of 0.94. The company has a current ratio of 0.69, a quick ratio of 0.71 and a debt-to-equity ratio of 0.10. UMB Financial has a twelve month low of $84.21 and a twelve month high of $112.24.

UMB Financial (NASDAQ:UMBFGet Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $2.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.50. UMB Financial had a return on equity of 12.16% and a net margin of 26.95%. During the same quarter in the previous year, the business earned $1.91 EPS. As a group, analysts forecast that UMB Financial will post 7.23 EPS for the current year.

In related news, CEO J Mariner Kemper sold 1,554 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $102.64, for a total value of $159,502.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Murphy acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 1st. The stock was purchased at an average cost of $98.44 per share, with a total value of $98,440.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 12,118 shares of company stock worth $1,236,214. Company insiders own 9.77% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System raised its position in shares of UMB Financial by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the bank’s stock valued at $1,178,000 after buying an additional 100 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of UMB Financial by 0.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 11,348 shares of the bank’s stock worth $1,204,000 after purchasing an additional 101 shares during the period. Arizona State Retirement System lifted its position in shares of UMB Financial by 0.8% in the 3rd quarter. Arizona State Retirement System now owns 12,501 shares of the bank’s stock worth $1,209,000 after purchasing an additional 104 shares during the period. Financial Advisory Service Inc. lifted its position in shares of UMB Financial by 2.5% during the 4th quarter. Financial Advisory Service Inc. now owns 4,429 shares of the bank’s stock valued at $470,000 after acquiring an additional 109 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of UMB Financial by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,818 shares of the bank’s stock valued at $617,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 86.70% of the company’s stock.

UMB Financial Company Profile (Get Rating)

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. 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, accounts receivable financing, 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.

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