UMB Financial Corp (NASDAQ:UMBF) CAO J Walker Brian sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ:UMBF traded up $0.61 on Thursday, reaching $67.72. 2,291 shares of the company’s stock were exchanged, compared to its average volume of 173,282. The company has a fifty day moving average of $64.91 and a 200-day moving average of $65.09. UMB Financial Corp has a twelve month low of $57.90 and a twelve month high of $71.97. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.73 and a beta of 0.91. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03.
UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.10. The firm had revenue of $271.90 million for the quarter, compared to analyst estimates of $276.93 million. UMB Financial had a net margin of 16.06% and a return on equity of 8.55%. During the same quarter in the prior year, the business posted $1.16 EPS. As a group, equities research analysts forecast that UMB Financial Corp will post 4.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be given a dividend of $0.31 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. UMB Financial’s dividend payout ratio (DPR) is currently 29.78%.
UMBF has been the topic of a number of analyst reports. BidaskClub upgraded shares of UMB Financial from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Stephens restated a “buy” rating and set a $75.00 target price on shares of UMB Financial in a research report on Monday, September 16th. Zacks Investment Research lowered shares of UMB Financial from a “hold” rating to a “sell” rating and set a $71.00 target price on the stock. in a research report on Sunday. Finally, ValuEngine lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.33.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC acquired a new stake in UMB Financial in the second quarter valued at approximately $18,455,000. Heartland Advisors Inc. bought a new position in shares of UMB Financial during the second quarter valued at $13,473,000. Citadel Advisors LLC raised its stake in shares of UMB Financial by 1,614.9% during the second quarter. Citadel Advisors LLC now owns 133,828 shares of the bank’s stock valued at $8,808,000 after acquiring an additional 126,024 shares during the last quarter. Nuance Investments LLC raised its stake in shares of UMB Financial by 17.8% during the second quarter. Nuance Investments LLC now owns 830,260 shares of the bank’s stock valued at $54,648,000 after acquiring an additional 125,385 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of UMB Financial by 14.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 849,308 shares of the bank’s stock valued at $54,848,000 after acquiring an additional 107,014 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.
About UMB Financial
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
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