Shares of UMB Financial Corp (NASDAQ:UMBF) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $74.50.
UMBF has been the topic of several research analyst reports. BidaskClub upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Zacks Investment Research lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Wells Fargo & Co set a $70.00 price target on shares of UMB Financial and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Finally, Stephens upgraded shares of UMB Financial from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 19th.
In other news, VP Jennifer M. Payne sold 539 shares of UMB Financial stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $64.99, for a total transaction of $35,029.61. Following the sale, the vice president now directly owns 9,338 shares in the company, valued at approximately $606,876.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Shannon Andresen Johnson sold 470 shares of UMB Financial 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 of the company’s stock, valued at $662,220.90. 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. 10.26% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in UMB Financial by 3.0% during the 3rd quarter. BlackRock Inc. now owns 5,200,676 shares of the bank’s stock valued at $368,727,000 after purchasing an additional 151,345 shares during the last quarter. Vanguard Group Inc. lifted its holdings in UMB Financial by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,476,671 shares of the bank’s stock valued at $317,396,000 after purchasing an additional 72,994 shares during the last quarter. Vanguard Group Inc lifted its holdings in UMB Financial by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 4,476,671 shares of the bank’s stock valued at $317,396,000 after purchasing an additional 72,994 shares during the last quarter. American Century Companies Inc. lifted its holdings in UMB Financial by 31.8% during the 3rd quarter. American Century Companies Inc. now owns 2,583,023 shares of the bank’s stock valued at $183,136,000 after purchasing an additional 623,116 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in UMB Financial by 0.8% during the 2nd quarter. Northern Trust Corp now owns 1,228,896 shares of the bank’s stock valued at $93,679,000 after purchasing an additional 10,081 shares during the last quarter. 87.82% of the stock is owned by hedge funds and other institutional investors.
NASDAQ UMBF traded up $0.21 during midday trading on Friday, hitting $64.02. The company had a trading volume of 140,700 shares, compared to its average volume of 207,938. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.71 and a beta of 0.90. UMB Financial has a fifty-two week low of $57.00 and a fifty-two week high of $82.14.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 23rd. The bank reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The company had revenue of $251.38 million for the quarter, compared to analyst estimates of $260.02 million. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. As a group, sell-side analysts expect that UMB Financial will post 4.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th were given 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 of this dividend was Friday, December 7th. UMB Financial’s payout ratio is 32.00%.
UMB Financial Company Profile
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.
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