StockNews.com Downgrades UMB Financial (NASDAQ:UMBF) to Sell

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

UMBF has been the topic of a number of other reports. Morgan Stanley dropped their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Citigroup restated a "neutral" rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Piper Sandler upped their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada restated a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Finally, Barclays upped their price target on UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $128.71.

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UMB Financial Stock Down 1.6 %

NASDAQ UMBF traded down $1.66 during trading on Tuesday, reaching $100.19. 407,203 shares of the company's stock were exchanged, compared to its average volume of 492,117. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company's fifty day simple moving average is $109.83 and its 200-day simple moving average is $112.36. The firm has a market capitalization of $7.28 billion, a PE ratio of 11.14 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter in the previous year, the company earned $2.29 earnings per share. Sell-side analysts predict that UMB Financial will post 9.66 EPS for the current year.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company's stock.

Institutional Trading of UMB Financial

A number of hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after purchasing an additional 694,751 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of UMB Financial during the 3rd quarter worth about $48,531,000. Freestone Grove Partners LP acquired a new position in shares of UMB Financial in the 4th quarter worth approximately $48,235,000. Captrust Financial Advisors boosted its stake in UMB Financial by 258.0% in the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank's stock worth $41,245,000 after purchasing an additional 282,783 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in UMB Financial by 438.8% during the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock worth $33,693,000 after acquiring an additional 261,055 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

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.