BidaskClub Lowers UMB Financial (UMBF) to Strong Sell
UMB Financial (NASDAQ:UMBF) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.
Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. Piper Jaffray Companies restated a “neutral” rating and set a $74.00 price objective on shares of UMB Financial in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $77.20.
Shares of UMB Financial (NASDAQ:UMBF) traded up $1.37 during mid-day trading on Tuesday, hitting $74.27. The company had a trading volume of 187,000 shares, compared to its average volume of 200,814. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3,700.00, a PE ratio of 20.69, a P/E/G ratio of 1.99 and a beta of 0.83. UMB Financial has a fifty-two week low of $62.27 and a fifty-two week high of $81.55.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. UMB Financial had a net margin of 17.05% and a return on equity of 9.03%. The business had revenue of $245.20 million during the quarter, compared to the consensus estimate of $257.76 million. During the same period in the previous year, the business earned $0.87 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. equities research analysts predict that UMB Financial will post 3.63 earnings per share for the current fiscal year.
In other UMB Financial news, EVP Christian R. Swett sold 1,862 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $73.50, for a total transaction of $136,857.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin M. Macke sold 1,332 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $75.50, for a total transaction of $100,566.00. The disclosure for this sale can be found here. 10.09% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of UMB Financial by 14.2% during the third quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock worth $71,101,000 after buying an additional 118,896 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of UMB Financial by 2.0% during the second quarter. Vanguard Group Inc. now owns 4,175,014 shares of the bank’s stock worth $312,541,000 after buying an additional 80,269 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of UMB Financial by 8.4% during the third quarter. Russell Investments Group Ltd. now owns 226,007 shares of the bank’s stock worth $16,835,000 after buying an additional 17,540 shares in the last quarter. Crestline Management LP acquired a new position in shares of UMB Financial during the third quarter worth $2,533,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of UMB Financial during the third quarter worth $298,000. Institutional investors own 82.97% of the company’s stock.
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About UMB Financial
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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