UMB Financial (NASDAQ:UMBF) Downgraded to Sell Rating by StockNews.com

UMB Financial (NASDAQ:UMBF - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Tuesday.

Other research analysts also recently issued reports about the company. Wells Fargo & Company upped their price objective on UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Barclays increased their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Royal Bank of Canada began coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a "sector perform" rating and a $130.00 target price for the company. Morgan Stanley initiated coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price target on the stock. Finally, Citigroup assumed coverage on UMB Financial in a research report on Thursday, October 10th. They set a "buy" rating and a $127.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.00.

UMB Financial Stock Performance

UMBF traded up $4.00 during trading hours on Tuesday, hitting $116.92. 486,357 shares of the stock were exchanged, compared to its average volume of 500,132. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 14.62 and a beta of 0.82. The stock has a 50-day simple moving average of $119.66 and a 200-day simple moving average of $106.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter in the prior year, the firm earned $2.02 EPS. Analysts anticipate that UMB Financial will post 9.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Greg M. Graves acquired 258 shares of the business's stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the transaction, the director now owns 36,244 shares of the company's stock, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $108.83, for a total value of $2,644,569.00. Following the sale, the chief executive officer now directly owns 1,576,604 shares in the company, valued at $171,581,813.32. This trade represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,303 shares of company stock worth $5,879,967. 8.85% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UMBF. Covestor Ltd lifted its position in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after acquiring an additional 102 shares in the last quarter. Heritage Family Offices LLP lifted its holdings in shares of UMB Financial by 6.5% in the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank's stock valued at $232,000 after purchasing an additional 125 shares in the last quarter. Truist Financial Corp boosted its position in shares of UMB Financial by 3.3% in the second quarter. Truist Financial Corp now owns 4,238 shares of the bank's stock worth $354,000 after buying an additional 136 shares during the period. Commerce Bank grew its holdings in shares of UMB Financial by 0.3% during the third quarter. Commerce Bank now owns 41,708 shares of the bank's stock valued at $4,384,000 after buying an additional 142 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in UMB Financial by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank's stock valued at $4,496,000 after buying an additional 200 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.

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