UMB Financial (NASDAQ:UMBF) Stock Rating Upgraded by UBS Group

UMB Financial (NASDAQ:UMBF) was upgraded by stock analysts at UBS Group to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other analysts also recently commented on UMBF. Keefe, Bruyette & Woods boosted their target price on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Citigroup restated a “neutral” rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price target (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th. Morgan Stanley upped their price target on UMB Financial from $159.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 8th. Finally, Barclays reiterated an “overweight” rating and set a $175.00 price objective (up from $170.00) on shares of UMB Financial in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.93.

UMB Financial Price Performance

NASDAQ:UMBF opened at $137.46 on Monday. The business’s 50-day moving average price is $144.42 and its 200 day moving average price is $132.03. The firm has a market cap of $10.44 billion, a P/E ratio of 11.45, a PEG ratio of 0.68 and a beta of 0.77. UMB Financial has a 52-week low of $68.92 and a 52-week high of $144.36. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping the consensus estimate of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The firm had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. During the same period in the previous year, the business earned $2.96 earnings per share. As a group, sell-side analysts predict that UMB Financial will post 13.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert Beaird sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $144.40, for a total transaction of $231,040.00. Following the sale, the insider owned 8,943 shares in the company, valued at $1,291,369.20. The trade was a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Murphy sold 1,377 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $145.55, for a total transaction of $200,422.35. Following the completion of the sale, the director owned 10,635 shares of the company’s stock, valued at approximately $1,547,924.25. This trade represents a 11.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 25,544 shares of company stock valued at $3,775,862 over the last 90 days. 5.33% of the stock is owned by corporate insiders.

Institutional Trading of UMB Financial

Hedge funds have recently modified their holdings of the business. Greenleaf Trust lifted its stake in shares of UMB Financial by 4.7% during the second quarter. Greenleaf Trust now owns 2,506 shares of the bank’s stock valued at $358,000 after acquiring an additional 113 shares during the period. First Citizens Bank & Trust Co. increased its position in UMB Financial by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after purchasing an additional 125 shares during the period. Ritholtz Wealth Management increased its position in UMB Financial by 8.2% in the first quarter. Ritholtz Wealth Management now owns 1,998 shares of the bank’s stock worth $225,000 after purchasing an additional 152 shares during the period. Parallel Advisors LLC raised its holdings in UMB Financial by 13.1% during the 1st quarter. Parallel Advisors LLC now owns 1,377 shares of the bank’s stock worth $155,000 after purchasing an additional 160 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new stake in UMB Financial during the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities.

The company offers commercial and personal banking products, including deposit accounts, lending, treasury management, wealth management and investment services. UMB also provides institutional banking, fund administration, securities custody, corporate trust and payment solutions through its specialized financial services businesses.

Founded in 1913, UMB serves customers through banking locations and business operations across portions of the Midwest and Western United States, as well as through nationwide institutional and payment-services platforms.