UMB Financial (NASDAQ:UMBF) Upgraded to Hold at UBS Group

UMB Financial (NASDAQ:UMBF) was upgraded by UBS Group to a “hold” rating in a research report issued on Monday, Zacks reports.

Several other research analysts also recently weighed in on UMBF. Citigroup reissued a “neutral” rating and issued a $162.00 target price (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. TD Cowen reaffirmed a “buy” rating and set a $166.00 price target (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Barclays reiterated an “overweight” rating and set a $175.00 price target (up from $170.00) on shares of UMB Financial in a report on Monday, August 3rd. JPMorgan Chase & Co. assumed coverage on shares of UMB Financial in a research note on Thursday, August 20th. They set an “overweight” rating and a $180.00 price objective on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price objective (up from $168.00) on shares of UMB Financial in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.93.

UMB Financial Stock Performance

NASDAQ UMBF opened at $137.46 on Monday. UMB Financial has a fifty-two week low of $68.92 and a fifty-two week high of $144.36. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.68 and a beta of 0.77. The business has a fifty day moving average of $144.42 and a 200-day moving average of $132.03. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period in the prior year, the business earned $2.96 earnings per share. As a group, analysts predict that UMB Financial will post 13.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total value of $297,200.00. Following the sale, the insider directly owned 11,981 shares of the company’s stock, valued at approximately $1,780,376.60. This trade represents a 14.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Peterman bought 394 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average price of $139.60 per share, with a total value of $55,002.40. Following the completion of the acquisition, the director owned 10,680 shares of the company’s stock, valued at $1,490,928. This trade represents a 3.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 25,544 shares of company stock worth $3,775,862 over the last ninety days. Insiders own 5.33% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Hedge funds have recently made changes to their positions in the stock. First National Bank of Omaha acquired a new stake in shares of UMB Financial during the 2nd quarter worth $1,053,000. BlackRock Inc. purchased a new position in shares of UMB Financial in the 2nd quarter worth $1,458,386,000. Ceredex Value Advisors LLC acquired a new position in UMB Financial in the second quarter valued at $14,112,000. NFJ Investment Group LLC purchased a new stake in UMB Financial during the second quarter valued at about $47,026,000. Finally, Commerce Bank purchased a new stake in UMB Financial during the second quarter valued at about $4,197,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities.

The company offers commercial and personal banking products, including deposit accounts, lending, treasury management, wealth management and investment services. UMB also provides institutional banking, fund administration, securities custody, corporate trust and payment solutions through its specialized financial services businesses.

Founded in 1913, UMB serves customers through banking locations and business operations across portions of the Midwest and Western United States, as well as through nationwide institutional and payment-services platforms.