UMB Financial (UMBF) Rating Increased to Hold at BidaskClub

UMB Financial (NASDAQ:UMBF) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

A number of other equities analysts have also commented on UMBF. ValuEngine lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Wells Fargo & Co set a $70.00 price objective on shares of UMB Financial and gave the stock a “hold” rating in a report on Tuesday, October 2nd. Stephens reiterated a “hold” rating and issued a $80.00 price objective on shares of UMB Financial in a report on Wednesday, October 24th. Finally, Raymond James set a $69.00 price objective on shares of UMB Financial and gave the stock a “buy” rating in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $77.00.

Shares of UMB Financial stock opened at $64.51 on Thursday. 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 has a twelve month low of $57.00 and a twelve month high of $82.14. The firm has a market cap of $3.23 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, October 23rd. The bank reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The firm had revenue of $251.38 million during the quarter, compared to analysts’ expectations of $260.02 million. During the same period in the prior year, the company earned $0.98 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect that UMB Financial will post 4.57 earnings per share for the current year.

In other UMB Financial news, Chairman J Mariner Kemper sold 3,900 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $75.53, for a total value of $294,567.00. Following the transaction, the chairman now owns 189,937 shares in the company, valued at approximately $14,345,941.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider J Walker Brian sold 500 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $75.75, for a total transaction of $37,875.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 1,363 shares of company stock worth $97,997 and sold 23,333 shares worth $1,696,114. Insiders own 10.26% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Arizona State Retirement System raised its stake in shares of UMB Financial by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 30,583 shares of the bank’s stock valued at $2,331,000 after purchasing an additional 798 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of UMB Financial by 13.1% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 6,930 shares of the bank’s stock valued at $491,000 after purchasing an additional 800 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of UMB Financial by 20.5% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,700 shares of the bank’s stock valued at $333,000 after purchasing an additional 800 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of UMB Financial by 16.1% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 6,272 shares of the bank’s stock valued at $478,000 after purchasing an additional 868 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of UMB Financial by 0.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 102,143 shares of the bank’s stock valued at $7,242,000 after purchasing an additional 939 shares in the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

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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