Zacks Investment Research Lowers UMB Financial (UMBF) to Hold

Zacks Investment Research cut shares of UMB Financial (NASDAQ:UMBF) from a buy rating to a hold rating in a research report report published on Friday.

According to Zacks, “UMB Financial Corporation is a financial services holding company engaged in providing complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Subsidiaries of the holding company and the lead bank, UMB Bank include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company’s proprietary mutual funds and investment advisory accounts for institutional customers. The Company has banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Financial Corporation is headquartered in Kansas. “

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A number of other research analysts have also recently weighed in on the company. BidaskClub cut UMB Financial from a sell rating to a strong sell rating in a research report on Tuesday, January 9th. Piper Jaffray raised their price target on UMB Financial from $78.00 to $79.00 and gave the company a neutral rating in a research report on Friday, February 2nd. Finally, Wells Fargo raised their price target on UMB Financial from $71.00 to $75.00 and gave the company a market perform rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. UMB Financial currently has an average rating of Hold and an average target price of $78.60.

UMB Financial stock opened at $73.12 on Friday. UMB Financial has a one year low of $62.27 and a one year high of $78.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $3,700.51, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.38 and a beta of 0.84.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. UMB Financial had a return on equity of 9.05% and a net margin of 23.35%. The business had revenue of $252.38 million during the quarter, compared to analysts’ expectations of $254.98 million. During the same quarter last year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. analysts predict that UMB Financial will post 4.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were given a $0.29 dividend. The ex-dividend date was Thursday, March 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. UMB Financial’s dividend payout ratio (DPR) is currently 30.93%.

In related news, Chairman J Mariner Kemper sold 5,451 shares of UMB Financial stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $77.02, for a total transaction of $419,836.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider J Walker Brian sold 3,454 shares of UMB Financial stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $76.36, for a total value of $263,747.44. The disclosure for this sale can be found here. In the last 90 days, insiders bought 1,776 shares of company stock valued at $135,338. Company insiders own 10.26% of the company’s stock.

A number of institutional investors have recently bought and sold shares of UMBF. Carillon Tower Advisers Inc. purchased a new stake in UMB Financial during the 4th quarter worth about $49,685,000. Champlain Investment Partners LLC increased its position in UMB Financial by 26.1% during the 4th quarter. Champlain Investment Partners LLC now owns 1,073,955 shares of the bank’s stock worth $77,239,000 after purchasing an additional 222,205 shares in the last quarter. Millennium Management LLC increased its position in UMB Financial by 130.2% during the 4th quarter. Millennium Management LLC now owns 175,733 shares of the bank’s stock worth $12,639,000 after purchasing an additional 99,395 shares in the last quarter. American Century Companies Inc. increased its position in UMB Financial by 7.2% during the 4th quarter. American Century Companies Inc. now owns 1,092,091 shares of the bank’s stock worth $78,543,000 after purchasing an additional 72,988 shares in the last quarter. Finally, Deutsche Bank AG increased its position in UMB Financial by 41.9% during the 4th quarter. Deutsche Bank AG now owns 215,808 shares of the bank’s stock worth $15,518,000 after purchasing an additional 63,691 shares in the last quarter. Hedge funds and other institutional investors own 85.33% of the company’s stock.

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About UMB Financial

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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