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

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

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings upgraded UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Royal Bank Of Canada set a $134.00 target price on UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research note on Thursday, January 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a research note on Thursday, January 29th. Finally, Morgan Stanley cut their target price on UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.18.

UMB Financial Stock Performance

Shares of UMBF opened at $120.06 on Tuesday. The business’s fifty day moving average price is $119.47 and its 200 day moving average price is $116.91. UMB Financial has a 12-month low of $84.31 and a 12-month high of $136.11. The stock has a market capitalization of $9.14 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.82 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The firm had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. During the same period last year, the business posted $2.49 earnings per share. The firm’s revenue for the quarter was up 66.0% on a year-over-year basis. Equities research analysts forecast that UMB Financial will post 9.66 EPS for the current year.

Insider Activity

In other news, CEO J Mariner Kemper sold 15,214 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $128.59, for a total transaction of $1,956,368.26. Following the transaction, the chief executive officer directly owned 1,506,200 shares of the company’s stock, valued at approximately $193,682,258. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 388 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total value of $50,168.40. Following the transaction, the director directly owned 12,488 shares in the company, valued at $1,614,698.40. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 19,102 shares of company stock valued at $2,458,247. Company insiders own 5.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in shares of UMB Financial by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank’s stock valued at $21,625,000 after purchasing an additional 4,589 shares during the period. Steele Capital Management Inc. acquired a new position in shares of UMB Financial in the 3rd quarter valued at $1,468,000. Strs Ohio boosted its position in shares of UMB Financial by 10.7% in the 3rd quarter. Strs Ohio now owns 119,700 shares of the bank’s stock valued at $14,166,000 after purchasing an additional 11,600 shares during the period. Tributary Capital Management LLC boosted its position in shares of UMB Financial by 82.9% in the 3rd quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank’s stock valued at $32,872,000 after purchasing an additional 125,924 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of UMB Financial by 69.7% in the 3rd quarter. Federated Hermes Inc. now owns 253,708 shares of the bank’s stock valued at $30,026,000 after purchasing an additional 104,182 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

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.