UMB Financial (NASDAQ:UMBF) Now Covered by Bank of America

Bank of America assumed coverage on shares of UMB Financial (NASDAQ:UMBF - Free Report) in a report released on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $105.00 target price on the bank's stock.

Several other research firms have also commented on UMBF. Morgan Stanley reduced their price target on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Barclays dropped their price objective on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company reduced their price target on shares of UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Citigroup restated a "neutral" rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $122.13.

UMB Financial Trading Down 1.3 %

NASDAQ UMBF traded down $1.16 during mid-day trading on Wednesday, reaching $90.35. 147,219 shares of the stock were exchanged, compared to its average volume of 520,767. The stock has a market capitalization of $6.56 billion, a PE ratio of 10.05 and a beta of 0.71. The business's fifty day simple moving average is $100.79 and its 200 day simple moving average is $110.94. UMB Financial has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter in the prior year, the company earned $2.29 EPS. On average, research analysts anticipate that UMB Financial will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.77%. The ex-dividend date was Monday, March 10th. UMB Financial's payout ratio is currently 17.80%.

Insider Activity

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is owned by company insiders.

Institutional Trading of UMB Financial

Several hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC increased its stake in shares of UMB Financial by 442.0% in the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after buying an additional 221 shares during the period. Versant Capital Management Inc boosted its stake in shares of UMB Financial by 703.2% in the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock valued at $50,000 after purchasing an additional 436 shares during the last quarter. USA Financial Formulas raised its stake in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after buying an additional 268 shares during the last quarter. Covestor Ltd lifted its holdings in UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after buying an additional 124 shares during the period. Finally, Fifth Third Bancorp boosted its stake in UMB Financial by 38.1% in the first quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after acquiring an additional 172 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.