UMB Financial (NASDAQ:UMBF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Shares of UMB Financial Corporation have outperformed the industry over the past three months. Further, it possesses a decent earnings surprise history, beating the Zacks Consensus Estimate in three of the trailing four quarters. Earnings  estimates have remained stable lately, ahead of the company's fourth quarter 2018 results. The company remains committed to drive operating efficiency through several strategic objectives including improvement in revenues, capital management and investment in technology. Also, a strong capital position keeps it well poised to undertake any opportunistic expansions. Nevertheless, persistently rising cost base remains a key headwind. Expenses are likely to remain elevated due to investments in newer technologies and building distribution networks. Further, intense competition from other fintech companies and online service providers is a concern.”

A number of other analysts have also issued reports on the stock. Bank of America lowered shares of UMB Financial from a “buy” rating to a “neutral” rating in a research note on Thursday. Raymond James lowered shares of UMB Financial from an “outperform” rating to a “mkt perform” rating in a research note on Monday. ValuEngine upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BidaskClub upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, Stephens upgraded shares of UMB Financial from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. UMB Financial presently has an average rating of “Hold” and a consensus price target of $77.00.

Shares of UMBF traded up $0.20 during mid-day trading on Friday, reaching $64.01. 6,890 shares of the stock traded hands, compared to its average volume of 261,240. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $3.19 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.71 and a beta of 0.90. UMB Financial has a 12-month low of $57.00 and a 12-month high of $82.14.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 23rd. The bank reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The business had revenue of $251.38 million during the quarter, compared to analyst estimates of $260.02 million. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Equities analysts expect that UMB Financial will post 4.57 earnings per share for the current fiscal year.

In other UMB Financial news, VP Jennifer M. Payne sold 539 shares of the business’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $64.99, for a total transaction of $35,029.61. Following the completion of the sale, the vice president now owns 9,338 shares in the company, valued at $606,876.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Shannon Andresen Johnson sold 470 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $65.34, for a total transaction of $30,709.80. Following the sale, the executive vice president now owns 10,135 shares of the company’s stock, valued at approximately $662,220.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,611 shares of company stock valued at $170,238. 10.26% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in shares of UMB Financial by 31.8% during the third quarter. American Century Companies Inc. now owns 2,583,023 shares of the bank’s stock valued at $183,136,000 after acquiring an additional 623,116 shares during the period. Janus Henderson Group PLC acquired a new position in shares of UMB Financial during the second quarter valued at $20,039,000. Nuance Investments LLC boosted its holdings in shares of UMB Financial by 24.3% during the third quarter. Nuance Investments LLC now owns 795,488 shares of the bank’s stock valued at $56,381,000 after acquiring an additional 155,454 shares during the period. BlackRock Inc. boosted its holdings in shares of UMB Financial by 3.0% during the third quarter. BlackRock Inc. now owns 5,200,676 shares of the bank’s stock valued at $368,727,000 after acquiring an additional 151,345 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of UMB Financial by 11.6% during the third quarter. Wells Fargo & Company MN now owns 1,207,636 shares of the bank’s stock valued at $85,621,000 after acquiring an additional 125,464 shares during the period. Hedge funds and other institutional investors own 87.82% of the company’s stock.

About UMB Financial

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.

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