UMB Financial Corporation (UMBF) Given Average Rating of “Hold” by Brokerages

Shares of UMB Financial Corporation (NASDAQ:UMBF) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $76.50.

Several analysts recently issued reports on the company. Raymond James Financial, Inc. upgraded UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. UBS AG upgraded UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. BidaskClub downgraded UMB Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Stephens set a $71.00 price target on UMB Financial Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded UMB Financial Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th.

In other UMB Financial Corporation news, Director Alexander C. Kemper sold 2,500 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $74.65, for a total value of $186,625.00. Following the completion of the transaction, the director now directly owns 11,309 shares of the company’s stock, valued at approximately $844,216.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael D. Hagedorn sold 3,125 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $74.54, for a total transaction of $232,937.50. Following the completion of the transaction, the insider now directly owns 66,743 shares of the company’s stock, valued at $4,975,023.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,225 shares of company stock valued at $2,043,235. 10.09% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Tyers Asset Management LLC boosted its position in UMB Financial Corporation by 11.1% in the first quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock worth $108,000 after buying an additional 144 shares during the last quarter. Invictus RG purchased a new position in UMB Financial Corporation during the first quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in UMB Financial Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,604 shares of the bank’s stock worth $120,000 after buying an additional 130 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock worth $143,000 after buying an additional 330 shares during the last quarter. Finally, Elkfork Partners LLC boosted its position in UMB Financial Corporation by 11.1% in the first quarter. Elkfork Partners LLC now owns 1,980 shares of the bank’s stock worth $149,000 after buying an additional 198 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

UMB Financial Corporation (NASDAQ:UMBF) opened at 65.93 on Tuesday. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 19.05 and a beta of 0.86. The company has a 50-day moving average price of $71.45 and a 200-day moving average price of $73.88. UMB Financial Corporation has a 12-month low of $57.31 and a 12-month high of $81.55.

UMB Financial Corporation (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.02. UMB Financial Corporation had a net margin of 16.59% and a return on equity of 8.81%. The company had revenue of $247.70 million during the quarter, compared to analyst estimates of $261.84 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that UMB Financial Corporation will post $3.65 earnings per share for the current year.

UMB Financial Corporation declared that its board has authorized a share repurchase plan on Tuesday, April 25th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

UMB Financial Corporation Company Profile

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.