UMB Financial (UMBF) Downgraded to Hold at Zacks Investment Research

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UMB Financial (NASDAQ:UMBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, June 15th.

According to Zacks, “UMB Financial Corporation is a financial services holding company engaged in providing complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Subsidiaries of the holding company and the lead bank, UMB Bank include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company’s proprietary mutual funds and investment advisory accounts for institutional customers. The Company has banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Financial Corporation is headquartered in Kansas. “

Several other equities research analysts also recently issued reports on UMBF. BidaskClub downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Stephens reaffirmed a “hold” rating and issued a $85.00 target price on shares of UMB Financial in a research report on Wednesday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. UMB Financial presently has an average rating of “Hold” and a consensus price target of $81.50.

UMB Financial opened at $76.23 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.67 and a quick ratio of 0.67. UMB Financial has a twelve month low of $62.27 and a twelve month high of $82.14. The stock has a market cap of $3.82 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, April 24th. The bank reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.13. UMB Financial had a net margin of 24.36% and a return on equity of 9.56%. The business had revenue of $253.45 million during the quarter, compared to analyst estimates of $257.41 million. During the same period in the prior year, the firm earned $0.89 earnings per share. equities research analysts expect that UMB Financial will post 4.73 earnings per share for the current year.

In other news, Director Timothy R. Murphy bought 1,500 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was purchased at an average cost of $77.85 per share, for a total transaction of $116,775.00. Following the completion of the transaction, the director now owns 7,635 shares of the company’s stock, valued at $594,384.75. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman J Mariner Kemper sold 400 shares of the firm’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $77.61, for a total value of $31,044.00. Following the transaction, the chairman now owns 189,660 shares of the company’s stock, valued at $14,719,512.60. The disclosure for this sale can be found here. In the last quarter, insiders have bought 2,316 shares of company stock worth $179,596 and have sold 28,458 shares worth $2,197,011. Corporate insiders own 10.26% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in UMB Financial by 2.4% in the first quarter. BlackRock Inc. now owns 4,828,935 shares of the bank’s stock valued at $349,565,000 after acquiring an additional 111,197 shares during the period. American Century Companies Inc. lifted its holdings in UMB Financial by 42.8% during the first quarter. American Century Companies Inc. now owns 1,559,097 shares of the bank’s stock worth $112,863,000 after acquiring an additional 467,006 shares during the period. Dimensional Fund Advisors LP lifted its holdings in UMB Financial by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,185,801 shares of the bank’s stock worth $85,840,000 after acquiring an additional 32,859 shares during the period. Champlain Investment Partners LLC raised its stake in shares of UMB Financial by 3.5% in the first quarter. Champlain Investment Partners LLC now owns 1,111,290 shares of the bank’s stock valued at $80,446,000 after buying an additional 37,335 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of UMB Financial by 5.3% in the first quarter. Wells Fargo & Company MN now owns 1,064,339 shares of the bank’s stock valued at $77,047,000 after buying an additional 53,314 shares during the period. 86.42% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Company Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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