UMB Financial (NASDAQ:UMBF) Stock Rating Lowered by Zacks Research

UMB Financial (NASDAQ:UMBF) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Truist Financial lowered their target price on UMB Financial from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a research report on Monday, January 12th. Morgan Stanley lowered their price objective on shares of UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings raised shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, Barclays restated an “overweight” rating and set a $160.00 target price on shares of UMB Financial in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.18.

UMB Financial Stock Up 3.3%

Shares of UMB Financial stock opened at $120.06 on Tuesday. UMB Financial has a twelve month low of $84.31 and a twelve month high of $136.11. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $119.47 and its 200 day moving average is $116.91. The company has a market cap of $9.14 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.82 and a beta of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.37. The business had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The company’s quarterly revenue was up 66.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 EPS. Research analysts anticipate that UMB Financial will post 9.66 EPS for the current year.

Insider Buying and Selling

In other UMB Financial news, Director Kevin Charles Gallagher sold 388 shares of UMB Financial stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total transaction of $50,168.40. Following the transaction, the director owned 12,488 shares of the company’s stock, valued at $1,614,698.40. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg M. Graves acquired 220 shares of UMB Financial stock in a transaction dated Monday, February 2nd. The stock was purchased at an average cost of $127.83 per share, with a total value of $28,122.60. Following the completion of the purchase, the director owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. This represents a 0.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 19,102 shares of company stock valued at $2,458,247. 5.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of UMB Financial by 636.7% in the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after acquiring an additional 1,286,543 shares in the last quarter. Wellington Management Group LLP grew its position in shares of UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares in the last quarter. Norges Bank bought a new stake in UMB Financial during the 4th quarter valued at approximately $85,885,000. UMB Bank n.a. raised its stake in UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after purchasing an additional 493,875 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in UMB Financial by 1,148.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock worth $48,554,000 after purchasing an additional 388,253 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.