UMB Financial (NASDAQ:UMBF) Upgraded at StockNews.com

StockNews.com upgraded shares of UMB Financial (NASDAQ:UMBF - Free Report) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

A number of other research analysts also recently weighed in on the company. Piper Sandler raised their price objective on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Barclays lifted their target price 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. Citigroup reissued a "neutral" rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Morgan Stanley decreased 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 report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $128.71.

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UMB Financial Stock Down 0.3 %

NASDAQ UMBF traded down $0.27 during trading on Thursday, reaching $86.61. 952,064 shares of the company's stock were exchanged, compared to its average volume of 500,943. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.29 billion, a PE ratio of 9.63 and a beta of 0.71. The company's fifty day simple moving average is $107.40 and its 200-day simple moving average is $112.23. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the company posted $2.29 earnings per share. Sell-side analysts predict that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.85%. UMB Financial's payout ratio is 17.80%.

Insider Transactions at UMB Financial

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in UMB Financial by 2.7% in the third quarter. FMR LLC now owns 949,687 shares of the bank's stock valued at $99,822,000 after acquiring an additional 24,799 shares during the last quarter. Walleye Capital LLC bought a new position in shares of UMB Financial in the 3rd quarter worth $231,000. Centiva Capital LP acquired a new stake in shares of UMB Financial during the third quarter worth $645,000. Point72 Asset Management L.P. bought a new stake in UMB Financial in the third quarter valued at about $83,000. Finally, Systematic Financial Management LP lifted its stake in UMB Financial by 438.8% in the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock valued at $33,693,000 after buying an additional 261,055 shares during the period. 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.