Zacks Investment Research Downgrades UMB Financial (UMBF) to Hold

UMB Financial (NASDAQ:UMBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

A number of other equities research analysts have also recently weighed in on UMBF. BidaskClub upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co increased their price objective on UMB Financial from $71.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, Piper Jaffray Companies increased their price objective on UMB Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. UMB Financial has an average rating of “Hold” and an average target price of $77.83.

UMB Financial (UMBF) traded up $0.41 on Wednesday, reaching $74.39. The company had a trading volume of 140,400 shares, compared to its average volume of 264,835. UMB Financial has a twelve month low of $62.27 and a twelve month high of $81.55. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04. The company has a market cap of $3,689.18, a PE ratio of 14.97, a PEG ratio of 1.47 and a beta of 0.87.

UMB Financial (NASDAQ:UMBF) last posted 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 for the quarter, compared to analysts’ expectations of $254.98 million. During the same quarter in the prior year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. analysts predict that UMB Financial will post 4.51 earnings per share for the current year.

In other UMB Financial news, Chairman J Mariner Kemper sold 5,451 shares of the stock in a transaction on 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 SEC, which is accessible through this hyperlink. Also, insider Kevin M. Macke sold 1,332 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total value of $100,566.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,645 shares of company stock worth $657,259 in the last quarter. Company insiders own 10.09% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of UMB Financial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,868 shares of the bank’s stock worth $814,000 after purchasing an additional 33 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of UMB Financial by 6.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock worth $152,000 after purchasing an additional 129 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of UMB Financial by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,006 shares of the bank’s stock worth $1,273,000 after purchasing an additional 207 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of UMB Financial by 6.6% during the 4th quarter. Guggenheim Capital LLC now owns 12,248 shares of the bank’s stock worth $884,000 after purchasing an additional 757 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of UMB Financial by 50.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock worth $173,000 after purchasing an additional 807 shares in the last quarter. 82.88% of the stock is currently owned by institutional investors.

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UMB Financial 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.

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