UMB Financial (NASDAQ:UMBF) Lowered to Sell at ValuEngine

UMB Financial (NASDAQ:UMBF) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, ValuEngine reports.

UMBF has been the subject of a number of other reports. Stephens reiterated a “buy” rating and issued a $75.00 target price on shares of UMB Financial in a research note on Monday, September 16th. Zacks Investment Research upgraded shares of UMB Financial from a “sell” rating to a “hold” rating and set a $67.00 target price for the company in a research note on Monday, October 14th. Finally, BidaskClub upgraded shares of UMB Financial from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $71.00.

Shares of UMB Financial stock opened at $65.48 on Friday. The firm’s 50 day moving average price is $64.35 and its 200-day moving average price is $65.09. 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 has a 52-week low of $57.90 and a 52-week high of $71.97. The company has a market cap of $3.24 billion, a P/E ratio of 16.25, a PEG ratio of 2.65 and a beta of 0.93.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 30th. The bank reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. UMB Financial had a net margin of 16.17% and a return on equity of 8.68%. The firm had revenue of $271.80 million for the quarter, compared to the consensus estimate of $271.47 million. During the same quarter in the previous year, the firm earned $1.12 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities research analysts forecast that UMB Financial will post 4.67 EPS for the current fiscal year.

In related news, Chairman J Mariner Kemper sold 3,145 shares of UMB Financial stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $65.64, for a total value of $206,437.80. Following the completion of the sale, the chairman now directly owns 188,862 shares in the company, valued at approximately $12,396,901.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kris A. Robbins sold 800 shares of UMB Financial stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $62.57, for a total transaction of $50,056.00. Following the completion of the sale, the director now owns 4,796 shares of the company’s stock, valued at $300,085.72. The disclosure for this sale can be found here. Insiders sold a total of 4,257 shares of company stock valued at $276,615 over the last quarter. 10.45% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. acquired a new stake in UMB Financial during the 2nd quarter valued at approximately $34,000. North Star Investment Management Corp. acquired a new stake in UMB Financial during the 3rd quarter valued at approximately $44,000. Parkside Investments LLC acquired a new stake in UMB Financial during the 2nd quarter valued at approximately $56,000. Point72 Asset Management L.P. acquired a new stake in UMB Financial during the 2nd quarter valued at approximately $66,000. Finally, Quantamental Technologies LLC acquired a new stake in UMB Financial during the 2nd quarter valued at approximately $71,000. Institutional investors own 85.57% of the company’s stock.

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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