UBS Group Upgrades UMB Financial (NASDAQ:UMBF) to Hold

Key Points

• UBS Group upgraded UMB Financial to “hold,” while the broader analyst consensus remains “Moderate Buy,” with an average price target of $167.93.
• UMB Financial reported stronger-than-expected quarterly results, posting $3.57 in EPS versus the $3.12 consensus and revenue of $778 million versus expectations of $727.63 million.
• Shares opened at $137.46, below the consensus target, while insiders sold approximately $3.78 million in stock during the last quarter; institutional investors own 87.78% of the company.

UMB Financial (NASDAQ:UMBF - Get Free Report) was upgraded by equities researchers at UBS Group to a "hold" rating in a research note issued on Monday, Zacks reports.

Other research analysts also recently issued research reports about the company. Barclays reiterated an "overweight" rating and issued a $175.00 price objective (up from $170.00) on shares of UMB Financial in a report on Monday, August 3rd. JPMorgan Chase & Co. began coverage on UMB Financial in a report on Thursday, August 20th. They issued an "overweight" rating and a $180.00 price target for the company. TD Cowen reiterated a "buy" rating and issued a $166.00 price target (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Truist Financial set a $170.00 price target on shares of UMB Financial and gave the company a "buy" rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company set a $160.00 price objective on shares of UMB Financial and gave the stock an "equal weight" rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, UMB Financial presently has a consensus rating of "Moderate Buy" and an average target price of $167.93.

UMB Financial Stock Performance

Shares of UMBF stock opened at $137.46 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $144.42 and a 200 day moving average price of $132.03. The company has a market cap of $10.44 billion, a P/E ratio of 11.45, a PEG ratio of 0.68 and a beta of 0.77. UMB Financial has a 12 month low of $68.92 and a 12 month high of $144.36.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating analysts' consensus estimates of $3.12 by $0.45. The company had revenue of $778.00 million for the quarter, compared to analysts' expectations of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period last year, the firm earned $2.96 earnings per share. Sell-side analysts predict that UMB Financial will post 13.54 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Susan G. Murphy sold 1,377 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the transaction, the director owned 10,635 shares of the company's stock, valued at approximately $1,547,924.25. The trade was a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Phillip Mason sold 800 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total value of $117,600.00. Following the sale, the insider owned 8,894 shares of the company's stock, valued at $1,307,418. This trade represents a 8.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 25,544 shares of company stock worth $3,775,862 over the last quarter. 5.33% of the stock is owned by insiders.

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently bought and sold shares of the company. Junto Capital Management LP purchased a new stake in shares of UMB Financial in the 2nd quarter worth about $58,924,000. Sequoia Financial Advisors LLC increased its holdings in UMB Financial by 45.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the bank's stock valued at $880,000 after acquiring an additional 1,929 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in UMB Financial during the 2nd quarter valued at about $102,000. Nykredit A S purchased a new position in UMB Financial during the 2nd quarter valued at about $556,000. Finally, Corient Private Wealth LP acquired a new position in UMB Financial during the second quarter worth about $221,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Company Profile

UMB Financial Corporation is a financial services holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities.

The company offers commercial and personal banking products, including deposit accounts, lending, treasury management, wealth management and investment services. UMB also provides institutional banking, fund administration, securities custody, corporate trust and payment solutions through its specialized financial services businesses.

Founded in 1913, UMB serves customers through banking locations and business operations across portions of the Midwest and Western United States, as well as through nationwide institutional and payment-services platforms.

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