UMB Financial (NASDAQ:UMBF) lifted to stand at StockNews.com

UMB Financial (NASDAQ:UMBF – Get a rating) has been updated by StockNews.com from a “sell” to a “hold” rating in a research note released Sunday to investors.

Several other stock analysts have also recently commented on the stock. Wells Fargo & Company lowered its price target on UMB Financial shares from $110.00 to $100.00 in a report on Thursday. Raymond James raised his price target on UMB Financial shares from $110.00 to $120.00 and gave the company an “outperform” rating in a Friday, March 18 research note. One research analyst rated the stock with a sell rating, two assigned a hold rating and two assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $108.50.

UMBF opened at $90.18 on Friday. The company’s 50-day moving average is $97.40 and its 200-day moving average is $101.65. The stock has a market capitalization of $4.37 billion, a PE ratio of 12.01 and a beta of 0.94. The company has a current ratio of 0.69, a quick ratio of 0.71 and a debt ratio of 0.10. UMB Financial has a 12-month low of $84.21 and a 12-month high of $112.24.

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UMB Financial (NASDAQ:UMBF – Get a rating) last announced its results on Tuesday, April 26. The bank reported EPS of $2.17 for the quarter, beating Thomson Reuters consensus estimate of $1.67 by $0.50. UMB Financial achieved a return on equity of 12.16% and a net margin of 26.95%. In the same quarter of the previous year, the company achieved EPS of $1.91. As a group, analysts expect UMB Financial to post EPS of 7.23 for the current year.

In related news, CEO J Mariner Kemper sold 1,554 shares of the company in a trade on Wednesday, March 16. The shares were sold at an average price of $102.64, for a total value of $159,502.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Also, director Timothy R.Murphy acquired 1,000 shares of the company in a transaction dated Tuesday, February 1. The shares were purchased at an average cost of $98.44 per share, with a total value of $98,440.00. Disclosure of this purchase can be found here. During the last quarter, insiders sold 12,118 shares of the company worth $1,236,214. Insiders of the company hold 9.77% of the shares of the company.

Institutional investors have recently changed their stake in the company. Louisiana State Employees Retirement System raised its position in UMB Financial shares by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the bank valued at $1,178,000 after buying 100 more shares last quarter. Thrivent Financial for Lutherans increased its position in UMB Financial shares by 0.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,348 shares of the bank worth $1,204,000 after buying 101 additional shares during the period. Arizona State Retirement System raised its position in UMB Financial shares by 0.8% in the third quarter. Arizona State Retirement System now owns 12,501 shares of the bank worth $1,209,000 after purchasing 104 additional shares during the period. Financial Advisory Service Inc. increased its position in UMB Financial shares by 2.5% during the fourth quarter. Financial Advisory Service Inc. now owns 4,429 shares of the bank valued at $470,000 after acquiring 109 additional shares during the period. Finally, Pacer Advisors Inc. increased its position in UMB Financial shares by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,818 shares of the bank valued at $617,000 after acquiring 123 additional shares during the period. Institutional investors and hedge funds hold 86.70% of the company’s shares.

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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