UMB Financial (NASDAQ:UMBF) Rating Lowered to Hold at Zacks Research

UMB Financial (NASDAQ:UMBF) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

UMBF has been the topic of several other research reports. Barclays upped their target price on shares of UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Morgan Stanley boosted their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank Of Canada upped their price objective on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Piper Sandler increased their target price on UMB Financial from $155.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $148.09.

UMB Financial Price Performance

UMBF opened at $145.65 on Tuesday. The firm has a market cap of $11.07 billion, a PE ratio of 12.92, a P/E/G ratio of 0.97 and a beta of 0.77. The stock has a 50-day moving average price of $131.39 and a 200-day moving average price of $123.96. UMB Financial has a 1 year low of $103.38 and a 1 year high of $146.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million for the quarter, compared to the consensus estimate of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. UMB Financial’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.58 EPS. Sell-side analysts predict that UMB Financial will post 12.83 earnings per share for the current fiscal year.

Insider Activity

In related news, President James D. Rine sold 8,246 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the transaction, the president owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. This trade represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares in the company, valued at approximately $1,624,192.24. The trade was a 3.02% decrease in their position. The SEC filing for this sale provides additional information. 5.33% of the stock is owned by corporate insiders.

Institutional Trading of UMB Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC bought a new position in UMB Financial in the first quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of UMB Financial during the 4th quarter valued at $27,000. Axiom Investment Management LLC bought a new stake in shares of UMB Financial during the 1st quarter valued at $28,000. Hilton Head Capital Partners LLC purchased a new stake in shares of UMB Financial in the 4th quarter worth $34,000. Finally, Torren Management LLC purchased a new stake in shares of UMB Financial in the 4th quarter worth $37,000. 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.