UMB Financial (NASDAQ:UMBF) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised UMB Financial from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Saturday, June 16th. Stephens reissued a “hold” rating and set a $85.00 price target on shares of UMB Financial in a research report on Wednesday, May 23rd. Finally, ValuEngine raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Six investment analysts have rated the stock with a hold rating, UMB Financial currently has a consensus rating of “Hold” and a consensus target price of $81.50.

UMB Financial stock opened at $75.59 on Wednesday. The company has a market cap of $3.77 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.58 and a beta of 0.81. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.04. UMB Financial has a one year low of $62.27 and a one year high of $82.14.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 24th. The bank reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $250.52 million for the quarter, compared to analyst estimates of $264.19 million. UMB Financial had a return on equity of 9.94% and a net margin of 25.18%. During the same period last year, the firm posted $0.90 earnings per share. sell-side analysts expect that UMB Financial will post 4.58 EPS for the current year.

In other UMB Financial news, Director L Joshua Sosland bought 520 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were bought at an average cost of $77.48 per share, with a total value of $40,289.60. Following the transaction, the director now directly owns 6,850 shares in the company, valued at approximately $530,738. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin M. Macke sold 1,039 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $75.52, for a total value of $78,465.28. Following the completion of the transaction, the insider now directly owns 6,705 shares in the company, valued at $506,361.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,921 shares of company stock worth $1,362,637. 10.26% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Kornitzer Capital Management Inc. KS acquired a new position in shares of UMB Financial in the 2nd quarter valued at approximately $200,000. Evergreen Capital Management LLC acquired a new position in shares of UMB Financial in the 1st quarter valued at approximately $218,000. Nomura Holdings Inc. acquired a new position in shares of UMB Financial in the 2nd quarter valued at approximately $226,000. Pitcairn Co. acquired a new position in shares of UMB Financial in the 1st quarter valued at approximately $263,000. Finally, Diversified Trust Co raised its position in shares of UMB Financial by 27.0% in the 1st quarter. Diversified Trust Co now owns 4,000 shares of the bank’s stock valued at $290,000 after purchasing an additional 850 shares in the last quarter. 89.36% of the stock is currently owned by institutional investors.

UMB Financial Company Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

Further Reading: Asset Allocation, Balancing Your Investments

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