Zacks Research Downgrades UMB Financial (NASDAQ:UMBF) to Hold

UMB Financial (NASDAQ:UMBF) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently commented on UMBF. Royal Bank Of Canada boosted their price target on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Hovde Group boosted their target price on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Barclays raised their price target on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup upped their price target on shares of UMB Financial from $138.00 to $144.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, Truist Financial set a $140.00 price objective on shares of UMB Financial in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and an average price target of $148.09.

UMB Financial Stock Up 2.0%

NASDAQ:UMBF opened at $145.65 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day moving average price is $131.39 and its 200-day moving average price is $123.96. The company has a market capitalization of $11.07 billion, a PE ratio of 12.92, a P/E/G ratio of 0.97 and a beta of 0.77. UMB Financial has a 1-year low of $103.38 and a 1-year high of $146.60.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. UMB Financial’s revenue was up 31.1% on a year-over-year basis. During the same period last year, the company posted $2.58 EPS. On average, equities analysts predict that UMB Financial will post 12.83 EPS for the current fiscal year.

Insider Activity

In other UMB Financial news, Director Kevin Charles Gallagher sold 381 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the transaction, the director owned 12,223 shares in the company, valued at approximately $1,624,192.24. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the sale, the president owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This represents a 11.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.33% of the stock is currently owned by company insiders.

Institutional Trading of UMB Financial

A number of hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after purchasing an additional 493,875 shares during the last quarter. State Street Corp boosted its holdings in shares of UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after buying an additional 313,414 shares during the last quarter. Wellington Management Group LLP grew its position in UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after buying an additional 751,525 shares during the period. Dimensional Fund Advisors LP grew its position in UMB Financial by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after buying an additional 55,005 shares during the period. Finally, Geode Capital Management LLC increased its holdings in UMB Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after buying an additional 33,078 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.