UMB Financial (NASDAQ:UMBF) Downgraded by BidaskClub

BidaskClub lowered shares of UMB Financial (NASDAQ:UMBF) from a hold rating to a sell rating in a research note issued to investors on Wednesday, BidAskClub reports.

Separately, ValuEngine raised shares of UMB Financial from a sell rating to a hold rating in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $69.33.

Shares of UMBF stock opened at $46.01 on Wednesday. The business has a 50-day moving average price of $51.66 and a two-hundred day moving average price of $55.58. UMB Financial has a 12-month low of $39.47 and a 12-month high of $70.26. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.22 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 4.17 and a beta of 1.04.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, April 28th. The bank reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.91). The firm had revenue of $272.37 million during the quarter, compared to the consensus estimate of $279.83 million. UMB Financial had a return on equity of 7.17% and a net margin of 14.24%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS. As a group, research analysts expect that UMB Financial will post 2.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, June 9th. UMB Financial’s dividend payout ratio is 24.85%.

In other news, CFO Ram Shankar purchased 782 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $47.01 per share, for a total transaction of $36,761.82. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.24% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in UMB Financial by 53.9% during the 4th quarter. Bank of Montreal Can now owns 13,624 shares of the bank’s stock valued at $935,000 after purchasing an additional 4,770 shares during the period. Prudential Financial Inc. grew its position in shares of UMB Financial by 7.4% in the 4th quarter. Prudential Financial Inc. now owns 30,842 shares of the bank’s stock worth $2,117,000 after buying an additional 2,135 shares during the last quarter. Atria Investments LLC increased its stake in shares of UMB Financial by 21.2% during the fourth quarter. Atria Investments LLC now owns 5,161 shares of the bank’s stock valued at $354,000 after buying an additional 904 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of UMB Financial during the fourth quarter valued at approximately $1,448,000. Finally, Citigroup Inc. raised its holdings in shares of UMB Financial by 99.1% during the fourth quarter. Citigroup Inc. now owns 24,023 shares of the bank’s stock valued at $1,649,000 after acquiring an additional 11,957 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.

About UMB Financial

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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