UMB Financial (NASDAQ:UMBF) Stock Rating Upgraded by StockNews.com

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

Several other equities analysts have also recently commented on the stock. Royal Bank of Canada initiated coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. Wells Fargo & Company boosted their price target 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 started coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. Citigroup assumed coverage on UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price for the company. Finally, Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial currently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

UMB Financial Stock Performance

Shares of UMB Financial stock traded up $1.41 during trading hours on Friday, reaching $114.61. The company had a trading volume of 1,091,254 shares, compared to its average volume of 368,565. The firm has a market cap of $5.59 billion, a PE ratio of 14.33 and a beta of 0.80. UMB Financial has a one year low of $76.00 and a one year high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The business has a fifty day simple moving average of $118.10 and a 200 day simple moving average of $102.81.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter last year, the company earned $2.02 EPS. On average, analysts anticipate that UMB Financial will post 9.21 earnings per share for the current fiscal year.

Insider Activity

In other UMB Financial news, EVP John Pauls sold 849 shares of the company’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 in the company, valued at $715,852.86. This represents a 11.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the transaction, the chief executive officer now owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,603 shares of company stock worth $8,353,950. 8.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UMB Financial

Several institutional investors and hedge funds have recently bought and sold shares of UMBF. Ceredex Value Advisors LLC boosted its stake in shares of UMB Financial by 56.9% during the second quarter. Ceredex Value Advisors LLC now owns 140,900 shares of the bank’s stock valued at $11,808,000 after purchasing an additional 51,100 shares during the period. Allspring Global Investments Holdings LLC boosted its position in UMB Financial by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock valued at $163,066,000 after buying an additional 49,690 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of UMB Financial by 16.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,455 shares of the bank’s stock valued at $872,000 after acquiring an additional 1,476 shares during the period. FAS Wealth Partners Inc. raised its stake in shares of UMB Financial by 25.7% during the second quarter. FAS Wealth Partners Inc. now owns 9,241 shares of the bank’s stock valued at $771,000 after acquiring an additional 1,887 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new position in shares of UMB Financial during the second quarter valued at about $7,308,000. 87.78% of the stock is currently owned by 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.