UMB Financial (NASDAQ:UMBF) Upgraded to Hold by BidaskClub

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BidaskClub upgraded shares of UMB Financial (NASDAQ:UMBF) from a sell rating to a hold rating in a research report sent to investors on Friday, BidAskClub reports.

Several other research firms have also issued reports on UMBF. Zacks Investment Research lowered UMB Financial from a buy rating to a hold rating and set a $69.00 price objective on the stock. in a research note on Tuesday, July 2nd. Stephens restated a buy rating and issued a $75.00 price objective on shares of UMB Financial in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $71.25.

Shares of NASDAQ:UMBF opened at $65.48 on Friday. UMB Financial has a 1-year low of $57.00 and a 1-year high of $74.07. The firm has a market capitalization of $3.21 billion, a PE ratio of 16.25, a PEG ratio of 2.62 and a beta of 0.94. The business’s 50 day moving average is $63.85 and its 200-day moving average is $65.28. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. UMB Financial had a return on equity of 8.68% and a net margin of 16.17%. The firm had revenue of $271.80 million during the quarter, compared to analysts’ expectations of $271.47 million. During the same period in the prior year, the firm posted $1.12 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, sell-side analysts predict that UMB Financial will post 4.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. UMB Financial’s dividend payout ratio (DPR) is presently 29.78%.

In other news, Chairman J Mariner Kemper sold 3,145 shares of UMB Financial stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $65.64, for a total value of $206,437.80. Following the completion of the transaction, the chairman now directly owns 188,862 shares of the company’s stock, valued at approximately $12,396,901.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kris A. Robbins sold 800 shares of UMB Financial stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $62.57, for a total value of $50,056.00. Following the completion of the transaction, the director now directly owns 4,796 shares of the company’s stock, valued at $300,085.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,257 shares of company stock worth $276,615. Company insiders own 10.45% of the company’s stock.

Several hedge funds have recently bought and sold shares of UMBF. Janus Henderson Group PLC increased its position in UMB Financial by 8.8% in the 2nd quarter. Janus Henderson Group PLC now owns 337,424 shares of the bank’s stock valued at $22,209,000 after buying an additional 27,381 shares in the last quarter. Hillcrest Asset Management LLC increased its position in UMB Financial by 36.0% in the 1st quarter. Hillcrest Asset Management LLC now owns 190,498 shares of the bank’s stock valued at $12,199,000 after buying an additional 50,418 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UMB Financial by 13.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,921 shares of the bank’s stock valued at $192,000 after buying an additional 355 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in UMB Financial by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 442,572 shares of the bank’s stock valued at $28,572,000 after purchasing an additional 15,478 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in UMB Financial by 30.1% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 366,316 shares of the bank’s stock valued at $24,111,000 after purchasing an additional 84,802 shares during the last quarter. 85.60% of the stock is owned by hedge funds and other institutional investors.

About UMB Financial

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.

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