UMB Financial (NASDAQ:UMBF) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of UMB Financial (NASDAQ:UMBF) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the stock an “outperform” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods boosted their price objective on UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. TD Cowen reissued a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $145.00 price objective on shares of UMB Financial in a research report on Thursday, January 29th. Finally, Piper Sandler boosted their price objective on UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.18.

UMB Financial Stock Up 3.3%

UMBF stock opened at $120.06 on Tuesday. The stock’s fifty day simple moving average is $119.47 and its two-hundred day simple moving average is $116.91. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial has a 1-year low of $84.31 and a 1-year high of $136.11. The stock has a market cap of $9.14 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.82 and a beta of 0.75.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The business had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The business’s revenue was up 66.0% on a year-over-year basis. Analysts expect that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, March 10th. UMB Financial’s payout ratio is presently 18.84%.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 388 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total value of $50,168.40. Following the sale, the director directly owned 12,488 shares of the company’s stock, valued at approximately $1,614,698.40. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 15,214 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $128.59, for a total transaction of $1,956,368.26. Following the completion of the sale, the chief executive officer directly owned 1,506,200 shares in the company, valued at approximately $193,682,258. The trade was a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 19,102 shares of company stock worth $2,458,247. 5.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of UMB Financial in the fourth quarter worth about $27,000. Farther Finance Advisors LLC lifted its holdings in shares of UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after buying an additional 171 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of UMB Financial in the fourth quarter worth about $34,000. Torren Management LLC purchased a new stake in shares of UMB Financial in the fourth quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of UMB Financial by 193.5% in the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after buying an additional 267 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.