UMB Financial (UMBF) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of UMB Financial (NASDAQ:UMBF) from a sell rating to a hold rating in a research note released on Thursday morning.

A number of other research analysts also recently issued reports on UMBF. Wells Fargo & Co boosted their price target on shares of UMB Financial from $71.00 to $75.00 and gave the stock a market perform rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded shares of UMB Financial from a hold rating to a strong-buy rating and set a $85.00 price target on the stock in a research report on Friday, January 12th. Finally, Piper Jaffray Companies boosted their price target on shares of UMB Financial from $78.00 to $79.00 and gave the stock a neutral rating in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $77.83.

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Shares of UMB Financial (NASDAQ UMBF) traded up $1.12 during midday trading on Thursday, hitting $76.99. 205,528 shares of the stock were exchanged, compared to its average volume of 180,777. The firm has a market cap of $3,853.20, a P/E ratio of 20.37, a P/E/G ratio of 1.53 and a beta of 0.88. UMB Financial has a 1 year low of $62.27 and a 1 year high of $80.04. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.02. The firm had revenue of $252.38 million for the quarter, compared to the consensus estimate of $254.98 million. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 EPS. sell-side analysts expect that UMB Financial will post 4.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a $0.29 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.51%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.28. UMB Financial’s payout ratio is currently 23.34%.

In other news, Chairman J Mariner Kemper sold 5,451 shares of UMB Financial stock in a transaction on Friday, January 26th. The shares were sold at an average price of $77.02, for a total value of $419,836.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian R. Swett sold 1,862 shares of UMB Financial stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $73.50, for a total transaction of $136,857.00. The disclosure for this sale can be found here. Insiders sold a total of 10,767 shares of company stock valued at $820,440 in the last quarter. 10.09% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in UMBF. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in UMB Financial by 50.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock valued at $173,000 after purchasing an additional 807 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in UMB Financial during the 3rd quarter valued at $144,000. Zeke Capital Advisors LLC bought a new stake in UMB Financial during the 4th quarter valued at $202,000. Quantbot Technologies LP increased its stake in UMB Financial by 119.7% during the 3rd quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock valued at $210,000 after purchasing an additional 1,542 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in UMB Financial by 137.6% during the 4th quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock valued at $209,000 after purchasing an additional 1,675 shares in the last quarter. Institutional investors own 84.35% of the company’s stock.

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About UMB Financial

UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.

Analyst Recommendations for UMB Financial (NASDAQ:UMBF)

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