UMB Financial (NASDAQ:UMBF) Rating Increased to Hold at UBS Group

UBS Group upgraded shares of UMB Financial (NASDAQ:UMBFFree Report) to a hold rating in a report published on Monday,Zacks reports.

UMBF has been the topic of a number of other reports. Wells Fargo & Company set a $160.00 price target on shares of UMB Financial and gave the stock an “equal weight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. started coverage on shares of UMB Financial in a report on Thursday, August 20th. They issued an “overweight” rating and a $180.00 price objective for the company. Morgan Stanley lifted their price objective on shares of UMB Financial from $159.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 8th. Stephens initiated coverage on shares of UMB Financial in a research note on Tuesday, July 14th. They set an “overweight” rating and a $167.00 target price on the stock. Finally, Zacks Research lowered shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.93.

Read Our Latest Stock Analysis on UMB Financial

UMB Financial Trading Down 1.7%

Shares of NASDAQ UMBF opened at $137.46 on Monday. UMB Financial has a twelve month low of $68.92 and a twelve month high of $144.36. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $144.42 and a 200-day simple moving average of $132.03. The stock has a market capitalization of $10.44 billion, a PE ratio of 11.45, a PEG ratio of 0.68 and a beta of 0.77.

UMB Financial (NASDAQ:UMBFGet Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The firm had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. During the same quarter in the prior year, the company earned $2.96 EPS. On average, equities analysts forecast that UMB Financial will post 13.54 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is currently 16.65%.

Insiders Place Their Bets

In other UMB Financial news, Director Susan G. Murphy sold 1,377 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the sale, the director directly owned 10,635 shares in the company, valued at $1,547,924.25. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg Graves acquired 573 shares of the stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average cost of $139.60 per share, with a total value of $79,990.80. Following the completion of the transaction, the director owned 40,463 shares in the company, valued at approximately $5,648,634.80. This represents a 1.44% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 25,544 shares of company stock worth $3,775,862. 5.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of UMBF. BlackRock Inc. purchased a new position in shares of UMB Financial during the second quarter worth about $1,458,386,000. Dimensional Fund Advisors LP lifted its holdings in shares of UMB Financial by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after purchasing an additional 55,005 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of UMB Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after purchasing an additional 33,078 shares during the period. Bank of America Corp DE acquired a new stake in shares of UMB Financial in the 2nd quarter valued at about $129,153,000. Finally, First Trust Advisors LP boosted its holdings in shares of UMB Financial by 12.0% in the first quarter. First Trust Advisors LP now owns 899,400 shares of the bank’s stock valued at $101,443,000 after acquiring an additional 96,149 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for UMB Financial (NASDAQ:UMBF)

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