UMB Financial (NASDAQ:UMBF) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• UMB Financial's stock has received a "hold (C+)" rating from Weiss Ratings, maintaining cautious optimism among analysts.
• The company reported a 76.7% increase in revenue compared to the same quarter last year, with an EPS of $2.96, surpassing analyst expectations of $2.35.
• Institutional investors hold 87.78% of UMB Financial's stock, indicating strong institutional confidence in the company's prospects.

UMB Financial (NASDAQ:UMBF - Get Free Report)'s stock had its "hold (c+)" rating restated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

UMBF has been the topic of a number of other reports. Cowen initiated coverage on shares of UMB Financial in a report on Wednesday, September 24th. They issued a "buy" rating on the stock. Royal Bank Of Canada upped their price target on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. TD Cowen initiated coverage on UMB Financial in a report on Thursday, September 25th. They set a "buy" rating and a $151.00 target price for the company. Hovde Group initiated coverage on UMB Financial in a research note on Monday. They issued an "outperform" rating on the stock. Finally, Raymond James Financial increased their price objective on UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, UMB Financial presently has an average rating of "Moderate Buy" and a consensus target price of $137.40.

UMB Financial Stock Up 0.5%

UMB Financial stock traded up $0.59 during trading hours on Wednesday, hitting $118.98. The company had a trading volume of 357,525 shares, compared to its average volume of 455,132. The firm's fifty day moving average is $118.30 and its 200-day moving average is $107.15. The firm has a market capitalization of $9.03 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. UMB Financial has a fifty-two week low of $82.00 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company had revenue of $689.21 million during the quarter, compared to the consensus estimate of $638.25 million. During the same period last year, the firm earned $2.16 EPS. The firm's revenue for the quarter was up 76.7% compared to the same quarter last year. On average, research analysts forecast that UMB Financial will post 9.66 earnings per share for the current year.

Insiders Place Their Bets

In other UMB Financial news, insider Shannon Andresen Johnson sold 1,367 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $120.58, for a total value of $164,832.86. Following the transaction, the insider directly owned 34,124 shares in the company, valued at $4,114,671.92. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stacy H. King sold 1,500 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $118.88, for a total transaction of $178,320.00. Following the completion of the transaction, the insider directly owned 9,472 shares in the company, valued at $1,126,031.36. The trade was a 13.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. 5.45% of the stock is owned by insiders.

Institutional Investors Weigh In On UMB Financial

Several large investors have recently bought and sold shares of UMBF. Brooklyn Investment Group raised its holdings in shares of UMB Financial by 4,840.0% in the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in UMB Financial in the first quarter valued at approximately $27,000. McIlrath & Eck LLC acquired a new position in shares of UMB Financial during the 1st quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of UMB Financial during the first quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of UMB Financial by 143.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank's stock worth $37,000 after acquiring an additional 213 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.