UMB Financial (NASDAQ:UMBF) Stock Rating Lowered by StockNews.com

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

Several other brokerages also recently commented on UMBF. Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a "buy" rating and a $127.00 target price for the company. Wells Fargo & Company upped their target price on UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Morgan Stanley assumed coverage on UMB Financial in a report on Thursday. They set an "overweight" rating and a $156.00 price target for the company. Royal Bank of Canada initiated coverage on UMB Financial in a report on Friday. They issued a "sector perform" rating and a $130.00 price objective on the stock. Finally, Barclays lifted their target price on UMB Financial from $118.00 to $123.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.00.

UMB Financial Stock Performance

NASDAQ:UMBF traded up $1.87 on Friday, hitting $125.00. The company's stock had a trading volume of 339,706 shares, compared to its average volume of 365,325. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial has a one year low of $69.96 and a one year high of $128.73. The stock has a fifty day moving average of $110.41 and a two-hundred day moving average of $96.96. The firm has a market capitalization of $6.10 billion, a P/E ratio of 15.63 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter last year, the firm posted $2.02 EPS. Research analysts predict that UMB Financial will post 9.33 earnings per share for the current year.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at $162,988,036.24. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kris A. Robbins sold 5,000 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total value of $512,500.00. Following the completion of the sale, the director now directly owns 3,211 shares in the company, valued at approximately $329,127.50. This represents a 60.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,303 shares of company stock valued at $5,830,165 over the last quarter. 8.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coldstream Capital Management Inc. acquired a new position in UMB Financial during the 3rd quarter worth approximately $218,000. Geode Capital Management LLC boosted its holdings in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank's stock valued at $117,139,000 after acquiring an additional 21,091 shares in the last quarter. Barclays PLC grew its position in UMB Financial by 278.8% during the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock worth $24,329,000 after acquiring an additional 170,375 shares during the last quarter. MML Investors Services LLC acquired a new position in UMB Financial in the 3rd quarter worth about $208,000. Finally, Orion Portfolio Solutions LLC bought a new position in UMB Financial in the third quarter valued at about $1,120,000. Institutional investors own 87.78% of the company's stock.

UMB Financial Company Profile

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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