StockNews.com Downgrades UMB Financial (NASDAQ:UMBF) to Sell

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

Several other equities analysts have also commented on UMBF. Citigroup restated a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Barclays dropped their price target on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Bank of America began coverage on UMB Financial in a research report on Wednesday, April 16th. They set a “buy” rating and a $105.00 price objective for the company. Morgan Stanley lowered their target price on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $137.00 price target (up previously from $132.00) on shares of UMB Financial in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $120.38.

UMB Financial Trading Up 2.6 %

NASDAQ UMBF opened at $100.34 on Friday. The firm has a market capitalization of $7.62 billion, a PE ratio of 11.16 and a beta of 0.71. UMB Financial has a one year low of $78.56 and a one year high of $129.94. The company has a 50-day simple moving average of $97.84 and a 200-day simple moving average of $110.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The business had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. During the same quarter last year, the business posted $2.47 EPS. The business’s revenue was up 41.4% on a year-over-year basis. On average, equities analysts forecast that UMB Financial will post 9.66 earnings per share for the current year.

Insider Activity at UMB Financial

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

Institutional Investors Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Forum Financial Management LP purchased a new position in UMB Financial in the 1st quarter worth about $274,000. Kingsview Wealth Management LLC purchased a new position in shares of UMB Financial in the first quarter worth approximately $200,000. Bailard Inc. raised its holdings in shares of UMB Financial by 86.7% during the first quarter. Bailard Inc. now owns 7,123 shares of the bank’s stock valued at $720,000 after acquiring an additional 3,307 shares during the period. Fortress Wealth Management Inc. purchased a new stake in shares of UMB Financial in the 1st quarter valued at approximately $1,292,000. Finally, Signaturefd LLC boosted its stake in UMB Financial by 15.3% in the 1st quarter. Signaturefd LLC now owns 3,966 shares of the bank’s stock worth $401,000 after purchasing an additional 525 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

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.