Bank of America lowered shares of UMB Financial (NASDAQ:UMBF) from a buy rating to a neutral rating in a report published on Thursday morning, Marketbeat Ratings reports.

UMBF has been the topic of a number of other reports. Stephens reaffirmed a hold rating and set a $80.00 price target on shares of UMB Financial in a research note on Wednesday, October 24th. BidaskClub cut shares of UMB Financial from a hold rating to a sell rating in a research note on Thursday, December 13th. Zacks Investment Research raised shares of UMB Financial from a sell rating to a hold rating in a research note on Thursday, September 27th. Raymond James lowered shares of UMB Financial from an outperform rating to a mkt perform rating in a report on Monday, January 7th. Finally, ValuEngine lowered shares of UMB Financial from a hold rating to a sell rating in a report on Monday, September 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $77.00.

NASDAQ:UMBF opened at $64.02 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.69 and a current ratio of 0.69. UMB Financial has a fifty-two week low of $57.00 and a fifty-two week high of $82.14. The firm has a market cap of $3.19 billion, a PE ratio of 17.07, a P/E/G ratio of 1.71 and a beta of 0.90.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 23rd. The bank reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.04. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The business had revenue of $251.38 million for the quarter, compared to analysts’ expectations of $260.02 million. During the same period in the prior year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that UMB Financial will post 4.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th were issued a dividend of $0.30 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, December 7th. UMB Financial’s dividend payout ratio is presently 32.00%.

In other news, EVP Shannon Andresen Johnson sold 470 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $65.34, for a total transaction of $30,709.80. Following the transaction, the executive vice president now directly owns 10,135 shares in the company, valued at approximately $662,220.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jennifer M. Payne sold 539 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $64.99, for a total transaction of $35,029.61. Following the transaction, the vice president now owns 9,338 shares in the company, valued at $606,876.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,611 shares of company stock worth $170,238. Insiders own 10.26% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Glen Harbor Capital Management LLC lifted its holdings in shares of UMB Financial by 16.1% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,616 shares of the bank’s stock worth $581,000 after acquiring an additional 1,054 shares during the period. Piermont Capital Management Inc. lifted its holdings in shares of UMB Financial by 16.2% during the 3rd quarter. Piermont Capital Management Inc. now owns 41,100 shares of the bank’s stock worth $2,914,000 after acquiring an additional 5,730 shares during the period. California Public Employees Retirement System lifted its holdings in shares of UMB Financial by 24.6% during the 2nd quarter. California Public Employees Retirement System now owns 105,770 shares of the bank’s stock worth $8,063,000 after acquiring an additional 20,902 shares during the period. Keybank National Association OH lifted its holdings in shares of UMB Financial by 7.1% during the 3rd quarter. Keybank National Association OH now owns 23,873 shares of the bank’s stock worth $1,693,000 after acquiring an additional 1,575 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of UMB Financial by 3.0% during the 3rd quarter. American International Group Inc. now owns 120,918 shares of the bank’s stock worth $8,573,000 after acquiring an additional 3,541 shares during the period. Institutional investors and hedge funds own 87.82% of the company’s stock.

About UMB Financial

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

Featured Story: What is a stock buyback?

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.