BidaskClub upgraded shares of UMB Financial (NASDAQ:UMBF) from a sell rating to a hold rating in a research note published on Wednesday morning.

UMBF has been the topic of a number of other research reports. Zacks Investment Research raised shares of 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. ValuEngine lowered shares of UMB Financial from a hold rating to a sell rating in a research report on Wednesday, July 25th. Finally, Stephens reissued a hold rating and issued a $85.00 price target on shares of UMB Financial in a research report on Wednesday, May 23rd. Six research analysts have rated the stock with a hold rating, UMB Financial presently has a consensus rating of Hold and a consensus price target of $81.50.

Shares of UMBF opened at $75.47 on Wednesday. The company has a market cap of $3.79 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.67 and a current ratio of 0.67. UMB Financial has a twelve month low of $62.27 and a twelve month 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 Zacks’ consensus estimate of $1.14 by ($0.02). UMB Financial had a net margin of 25.18% and a return on equity of 9.94%. The firm had revenue of $250.52 million during the quarter, compared to the consensus estimate of $264.19 million. During the same period in the prior year, the business earned $0.90 EPS. analysts predict that UMB Financial will post 4.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, September 7th. UMB Financial’s dividend payout ratio is 30.93%.

In other news, Chairman J Mariner Kemper sold 3,900 shares of UMB Financial stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $75.53, for a total value of $294,567.00. Following the transaction, the chairman now owns 189,937 shares of the company’s stock, valued at $14,345,941.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Dana H. Abraham sold 4,196 shares of UMB Financial stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $76.18, for a total transaction of $319,651.28. Following the completion of the transaction, the executive vice president now directly owns 15,141 shares in the company, valued at approximately $1,153,441.38. The disclosure for this sale can be found here. In the last three months, insiders bought 843 shares of company stock worth $63,797 and sold 21,821 shares worth $1,657,204. Company insiders own 10.26% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Piermont Capital Management Inc. increased its position in UMB Financial by 2.3% during the first quarter. Piermont Capital Management Inc. now owns 32,770 shares of the bank’s stock worth $2,372,000 after acquiring an additional 740 shares during the period. Arizona State Retirement System increased its position in UMB Financial by 2.7% during the second quarter. Arizona State Retirement System now owns 30,583 shares of the bank’s stock worth $2,331,000 after acquiring an additional 798 shares during the period. Diversified Trust Co increased its position in UMB Financial by 27.0% during the first quarter. Diversified Trust Co now owns 4,000 shares of the bank’s stock worth $290,000 after acquiring an additional 850 shares during the period. Meadow Creek Investment Management LLC increased its position in UMB Financial by 16.1% during the second quarter. Meadow Creek Investment Management LLC now owns 6,272 shares of the bank’s stock worth $478,000 after acquiring an additional 868 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in UMB Financial by 1.2% during the second quarter. Mutual of America Capital Management LLC now owns 86,696 shares of the bank’s stock worth $6,609,000 after acquiring an additional 1,009 shares during the period. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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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