UMB Financial (NASDAQ:UMBF - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Friday.
Other equities analysts have also issued reports about the company. Piper Sandler boosted their price target on UMB Financial from $87.50 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, February 1st. Raymond James boosted their price target on UMB Financial from $80.00 to $102.00 and gave the stock a "strong-buy" rating in a research report on Thursday, February 1st. Finally, Barclays began coverage on UMB Financial in a research report on Friday. They set an "equal weight" rating and a $91.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, UMB Financial currently has an average rating of "Hold" and a consensus price target of $84.17.
Check Out Our Latest Stock Report on UMBF
UMB Financial Trading Down 0.5 %
Shares of NASDAQ UMBF traded down $0.46 during midday trading on Friday, hitting $82.87. The stock had a trading volume of 106,954 shares, compared to its average volume of 216,350. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 11.54 and a beta of 0.82. UMB Financial has a 1-year low of $50.68 and a 1-year high of $86.24. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $81.28 and a 200 day moving average price of $72.69.
UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.53. The business had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The company's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. On average, analysts predict that UMB Financial will post 7.29 earnings per share for the current year.
Insider Buying and Selling at UMB Financial
In other news, EVP John Pauls sold 1,440 shares of the business's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total value of $114,494.40. Following the completion of the sale, the executive vice president now directly owns 8,496 shares in the company, valued at approximately $675,516.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John Pauls sold 1,440 shares of the business's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total value of $114,494.40. Following the completion of the sale, the executive vice president now directly owns 8,496 shares in the company, valued at approximately $675,516.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Brian Beaird sold 895 shares of the business's stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.80, for a total value of $75,001.00. Following the completion of the sale, the insider now owns 5,827 shares of the company's stock, valued at $488,302.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,460 shares of company stock valued at $530,477 in the last three months. Corporate insiders own 9.77% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new position in UMB Financial during the 4th quarter worth $28,000. Headlands Technologies LLC bought a new position in UMB Financial during the 3rd quarter worth $74,000. Captrust Financial Advisors grew its stake in UMB Financial by 93.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank's stock worth $95,000 after buying an additional 536 shares during the last quarter. Covestor Ltd grew its stake in UMB Financial by 378.7% during the 2nd quarter. Covestor Ltd now owns 1,709 shares of the bank's stock worth $104,000 after buying an additional 1,352 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in UMB Financial by 56.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,900 shares of the bank's stock worth $116,000 after buying an additional 682 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.
About UMB Financial
(Get Free Report)
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 disbursem*nt, lockbox service, and remote deposit capture service.
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