UMBF has been the subject of several other research reports. Janney Montgomery Scott upgraded UMB Financial from a “neutral” rating to a “buy” rating and set a price target of $115.00 on the stock in a Tuesday, Dec. 21 research note. Wells Fargo & Company downgraded UMB Financial from an “overweight” rating to an “equal weight” rating and reduced its price target for the company from $115.00 to $110.00 in a Tuesday, January 4, report. Finally, Raymond James raised his price target on UMB Financial from $110.00 to $120.00 and gave the company an “outperform” rating in a Friday, March 18 report. One financial analyst assigned a sell rating to the stock, two assigned a hold rating and two assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UMB Financial currently has a consensus rating of “Hold” and a consensus price target of $111.00.
UMBF shares opened at $96.67 on Tuesday. UMB Financial has a 52-week low of $84.21 and a 52-week high of $112.24. The company’s fifty-day moving average is $100.26 and its 200-day moving average is $102.10. The company has a debt ratio of 0.09, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $4.68 billion, a price-earnings ratio of 13.33 and a beta of 0.94.
UMB Financial (NASDAQ:UMBF – Get a rating) last released its quarterly results on Tuesday, January 25. The bank reported earnings per share (EPS) of $1.62 for the quarter, missing Thomson Reuters consensus estimate of $1.87 per ($0.25). UMB Financial achieved a net margin of 26.57% and a return on equity of 11.52%. The company posted revenue of $329.35 million in the quarter, compared to a consensus estimate of $328.87 million. In the same quarter a year earlier, the company posted EPS of $3.26. The company’s revenue for the quarter was down 22.1% year over year. As a group, research analysts expect UMB Financial to post EPS of 7.23 for the current fiscal year.
Separately, director Timothy R. Murphy bought 1,000 shares of the company in a trade on Tuesday, February 1. The shares were purchased at an average cost of $98.44 per share, with a total value of $98,440.00. The purchase was disclosed in a legal filing with the SEC, available at the SEC website. Also, CEO J Mariner Kemper sold 8,415 UMB Financial shares in a trade dated Wednesday, February 2. The stock was sold at an average price of $101.35, for a total value of $852,860.25. Disclosure of this sale can be found here. Insiders sold a total of 12,118 shares of the company worth $1,236,214 in the past ninety days. Insiders of the company hold 9.77% of the shares of the company.
Several large investors have recently changed their positions in the UMBF. Lazard Asset Management LLC increased its stake in UMB Financial shares by 84.6% in the 4th quarter. Lazard Asset Management LLC now owns 515 shares of the bank valued at $54,000 after purchasing an additional 236 shares during the period. Parallel Advisors LLC increased its stake in UMB Financial shares by 47.2% in Q3. Parallel Advisors LLC now owns 574 shares of the bank valued at $55,000 after purchasing an additional 184 shares during the period. Rockefeller Capital Management LP acquired a new position in shares of UMB Financial in Q3 valued at approximately $73,000. Heritage Wealth Management LLC increased its stake in UMB Financial shares by 18.1% in the third quarter. Heritage Wealth Management LLC now owns 814 shares of the bank valued at $79,000 after purchasing an additional 125 shares during the period. Finally, USA Financial Portformulas Corp acquired a new position in UMB Financial shares in Q4 valued at around $90,000. 86.70% of the shares are currently held by institutional investors.
UMB Financial Company Profile (Get a rating)
UMB Financial Corporation operates as a bank holding company for UMB bank which provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit cards; commercial real estate financing; letter of credit; loan syndication and advisory service; various business solutions, including asset-based lending, accounts receivable financing, mezzanine debt and minority equity investments; and cash management service, such as deposit service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic funds transfer and automated payment, controlled disbursement, vault service and input service remote filing.
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