BidaskClub Downgrades UMB Financial (NASDAQ:UMBF) to Hold

BidaskClub lowered shares of UMB Financial (NASDAQ:UMBF) from a buy rating to a hold rating in a research report sent to investors on Wednesday, June 5th, BidAskClub reports.

Several other analysts have also issued reports on UMBF. Zacks Investment Research lowered UMB Financial from a buy rating to a hold rating in a research note on Tuesday, April 30th. Stephens set a $74.00 target price on UMB Financial and gave the stock a buy rating in a research report on Tuesday, April 23rd. Finally, Raymond James boosted their target price on UMB Financial from $70.00 to $71.00 and gave the stock an outperform rating in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. UMB Financial presently has an average rating of Hold and an average target price of $70.25.

UMBF stock traded up $1.26 during mid-day trading on Wednesday, reaching $65.82. The company’s stock had a trading volume of 455,374 shares, compared to its average volume of 218,958. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69. UMB Financial has a 12 month low of $57.00 and a 12 month high of $80.39. The business’s 50 day moving average price is $64.63. The company has a market capitalization of $3.17 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.79 and a beta of 0.95.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.09. The firm had revenue of $271.30 million during the quarter, compared to analysts’ expectations of $262.18 million. UMB Financial had a return on equity of 8.90% and a net margin of 16.66%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 earnings per share. Research analysts anticipate that UMB Financial will post 4.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, June 7th. UMB Financial’s payout ratio is 29.78%.

In other UMB Financial news, Chairman J Mariner Kemper sold 5,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $71.23, for a total transaction of $413,134.00. Following the completion of the transaction, the chairman now owns 188,711 shares of the company’s stock, valued at approximately $13,441,884.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Cornelius sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $69.38, for a total value of $55,504.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,599 shares of company stock valued at $961,167 in the last ninety days. 10.45% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of UMB Financial by 23.7% in the 4th quarter. American Century Companies Inc. now owns 3,195,954 shares of the bank’s stock worth $194,857,000 after buying an additional 612,931 shares during the last quarter. Norges Bank purchased a new stake in shares of UMB Financial in the 4th quarter worth approximately $29,917,000. BlackRock Inc. boosted its stake in UMB Financial by 3.2% during the 4th quarter. BlackRock Inc. now owns 5,364,714 shares of the bank’s stock valued at $327,087,000 after purchasing an additional 164,038 shares during the last quarter. Victory Capital Management Inc. boosted its stake in UMB Financial by 8.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,386,897 shares of the bank’s stock valued at $84,559,000 after purchasing an additional 103,455 shares during the last quarter. Finally, Dean Investment Associates LLC purchased a new stake in UMB Financial during the 4th quarter valued at $6,108,000. 87.46% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.

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