UMB Financial (NASDAQ:UMBF) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a report issued on Thursday morning, BidAskClub reports.

Several other equities analysts have also recently issued reports on UMBF. Stephens restated a buy rating and issued a $34.00 price target on shares of Guaranty Bancshares in a research report on Tuesday, April 23rd. Zacks Investment Research cut shares of EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. One investment 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. The company currently has an average rating of Hold and a consensus price target of $71.00.

Shares of NASDAQ UMBF opened at $64.46 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69. UMB Financial has a 52-week low of $57.00 and a 52-week high of $80.39. The company has a 50 day simple moving average of $63.92. The firm has a market cap of $3.15 billion, a PE ratio of 16.00, a P/E/G ratio of 1.90 and a beta of 0.94.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. UMB Financial had a net margin of 16.66% and a return on equity of 8.90%. The firm had revenue of $271.30 million during the quarter, compared to analysts’ expectations of $262.18 million. During the same period in the prior year, the company posted $1.18 EPS. The company’s revenue was up 7.0% on a year-over-year basis. On average, analysts expect that UMB Financial will post 4.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 10th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, June 7th. UMB Financial’s dividend payout ratio (DPR) is presently 29.78%.

In other news, EVP James Cornelius sold 800 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $69.38, for a total transaction of $55,504.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman J Mariner Kemper sold 5,800 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $71.23, for a total transaction of $413,134.00. Following the sale, the chairman now owns 188,711 shares of the company’s stock, valued at $13,441,884.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,599 shares of company stock valued at $961,167. 10.45% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UMBF. Quadrant Capital Group LLC boosted its stake in UMB Financial by 1,700.0% during the first quarter. Quadrant Capital Group LLC now owns 468 shares of the bank’s stock worth $29,000 after acquiring an additional 442 shares in the last quarter. Manchester Capital Management LLC bought a new position in UMB Financial during the first quarter worth $33,000. Magnus Financial Group LLC bought a new position in UMB Financial during the first quarter worth $203,000. Advisor Group Inc. boosted its stake in UMB Financial by 5.9% during the fourth quarter. Advisor Group Inc. now owns 3,432 shares of the bank’s stock worth $210,000 after acquiring an additional 192 shares in the last quarter. Finally, Premier Asset Management LLC bought a new position in UMB Financial during the fourth quarter worth $253,000. 87.46% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.

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