UMB Financial Corporation (UMBF) Downgraded by BidaskClub to Strong Sell

UMB Financial Corporation (NASDAQ:UMBF) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Monday, July 31st.

Several other research analysts also recently commented on UMBF. Keefe, Bruyette & Woods set a $75.00 price objective on UMB Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, April 4th. Stephens reaffirmed a “hold” rating on shares of UMB Financial Corporation in a research note on Thursday, April 20th. FBR & Co reaffirmed a “hold” rating and issued a $82.00 price objective (up previously from $80.00) on shares of UMB Financial Corporation in a research note on Friday, April 21st. Finally, Zacks Investment Research downgraded UMB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, April 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $78.20.

UMB Financial Corporation (NASDAQ:UMBF) traded up 0.26% during midday trading on Monday, hitting $66.36. The stock had a trading volume of 121,752 shares. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 19.17 and a beta of 0.86. UMB Financial Corporation has a 52 week low of $57.31 and a 52 week high of $81.55. The firm has a 50 day moving average of $71.70 and a 200 day moving average of $73.98.

UMB Financial Corporation (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 25th. The bank reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by $0.02. UMB Financial Corporation had a net margin of 16.59% and a return on equity of 8.81%. The firm had revenue of $247.70 million during the quarter, compared to the consensus estimate of $261.84 million. During the same period in the prior year, the company posted $0.76 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that UMB Financial Corporation will post $3.65 EPS for the current year.

UMB Financial Corporation declared that its board has authorized a stock repurchase plan on Tuesday, April 25th that permits the company to buyback 2,000,000 shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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In other news, Director Alexander C. Kemper sold 2,500 shares of UMB Financial Corporation stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $74.65, for a total value of $186,625.00. Following the completion of the transaction, the director now owns 11,309 shares in the company, valued at approximately $844,216.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman J Mariner Kemper sold 21,600 shares of UMB Financial Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $75.17, for a total value of $1,623,672.00. Following the completion of the transaction, the chairman now owns 186,373 shares of the company’s stock, valued at approximately $14,009,658.41. The disclosure for this sale can be found here. Insiders have sold a total of 27,225 shares of company stock valued at $2,043,235 in the last 90 days. 10.09% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of UMBF. Tyers Asset Management LLC raised its stake in shares of UMB Financial Corporation by 11.1% in the first quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock worth $108,000 after buying an additional 144 shares in the last quarter. Invictus RG acquired a new stake in shares of UMB Financial Corporation during the first quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UMB Financial Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,604 shares of the bank’s stock worth $120,000 after buying an additional 130 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock worth $143,000 after buying an additional 330 shares in the last quarter. Finally, Elkfork Partners LLC raised its stake in shares of UMB Financial Corporation by 11.1% in the first quarter. Elkfork Partners LLC now owns 1,980 shares of the bank’s stock worth $149,000 after buying an additional 198 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Corporation 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.

Analyst Recommendations for UMB Financial Corporation (NASDAQ:UMBF)

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