BidaskClub cut shares of UMB Financial (NASDAQ:UMBF) from a buy rating to a hold rating in a research note published on Friday.

A number of other research analysts have also issued reports on UMBF. Stephens upgraded shares of UMB Financial from an equal weight rating to an overweight rating in a report on Wednesday, December 19th. Zacks Investment Research lowered shares of UMB Financial from a hold rating to a sell rating in a report on Monday, December 31st. ValuEngine upgraded shares of UMB Financial from a sell rating to a hold rating in a report on Wednesday, January 2nd. Raymond James lowered shares of UMB Financial from an outperform rating to a mkt perform rating in a report on Monday, January 7th. Finally, Bank of America lowered shares of UMB Financial from a buy rating to a neutral rating in a report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $77.00.

Shares of NASDAQ UMBF opened at $67.07 on Friday. The company has a market capitalization of $3.29 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.89 and a beta of 0.86. UMB Financial has a 1 year low of $57.00 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.69.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 29th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.55). The business had revenue of $256.81 million during the quarter, compared to the consensus estimate of $261.28 million. UMB Financial had a net margin of 17.25% and a return on equity of 9.12%. Analysts forecast that UMB Financial will post 4.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.20 annualized dividend and a yield of 1.79%. UMB Financial’s payout ratio is 29.78%.

In related news, Director Timothy R. Murphy acquired 4,000 shares of UMB Financial stock in a transaction dated Friday, February 1st. The stock was bought at an average price of $64.63 per share, with a total value of $258,520.00. Following the transaction, the director now directly owns 12,635 shares in the company, valued at approximately $816,600.05. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Shannon Andresen Johnson sold 1,504 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $66.57, for a total transaction of $100,121.28. Following the sale, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $602,391.93. The disclosure for this sale can be found here. Company insiders own 10.26% of the company’s stock.

Several hedge funds have recently made changes to their positions in UMBF. American Century Companies Inc. grew its position in shares of UMB Financial by 23.7% during the 4th quarter. American Century Companies Inc. now owns 3,195,954 shares of the bank’s stock worth $194,857,000 after buying an additional 612,931 shares during the period. Norges Bank acquired a new stake in UMB Financial in the 4th quarter valued at $29,917,000. BlackRock Inc. grew its position in UMB Financial by 3.2% in the 4th quarter. BlackRock Inc. now owns 5,364,714 shares of the bank’s stock valued at $327,087,000 after purchasing an additional 164,038 shares during the period. Nuance Investments LLC grew its position in UMB Financial by 24.3% in the 3rd quarter. Nuance Investments LLC now owns 795,488 shares of the bank’s stock valued at $56,381,000 after purchasing an additional 155,454 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in UMB Financial by 5,118.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 115,274 shares of the bank’s stock valued at $8,172,000 after purchasing an additional 113,065 shares during the period. 88.57% of the stock is owned by institutional investors.

About UMB Financial

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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