Shares of UMB Financial Corp (NASDAQ:UMBF) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $70.50.
A number of research firms have weighed in on UMBF. Raymond James downgraded UMB Financial from an “outperform” rating to a “mkt perform” rating in a research report on Monday, January 7th. Zacks Investment Research downgraded UMB Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. ValuEngine upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded UMB Financial from a “hold” rating to a “buy” rating in a research report on Saturday, February 9th. Finally, Stephens upgraded UMB Financial from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 19th.
NASDAQ UMBF opened at $67.91 on Friday. UMB Financial has a twelve month low of $57.00 and a twelve month high of $82.14. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.90 and a beta of 0.85.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 29th. The bank reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.55). UMB Financial had a net margin of 17.25% and a return on equity of 9.12%. The firm had revenue of $256.81 million for the quarter, compared to analysts’ expectations of $261.28 million. On average, analysts predict that UMB Financial will post 4.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. UMB Financial’s dividend payout ratio (DPR) is currently 29.78%.
In other news, EVP Shannon Andresen Johnson sold 1,504 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $66.57, for a total transaction of $100,121.28. Following the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at $602,391.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy R. Murphy bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was acquired at an average cost of $64.63 per share, for a total transaction of $258,520.00. Following the completion of the purchase, the director now directly owns 12,635 shares of the company’s stock, valued at $816,600.05. The disclosure for this purchase can be found here. 10.45% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of UMB Financial by 3.2% in the fourth quarter. BlackRock Inc. now owns 5,364,714 shares of the bank’s stock worth $327,087,000 after purchasing an additional 164,038 shares during the last quarter. Vanguard Group Inc grew its stake in shares of UMB Financial by 1.7% in the third quarter. Vanguard Group Inc now owns 4,476,671 shares of the bank’s stock worth $317,396,000 after purchasing an additional 72,994 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of UMB Financial by 1.7% in the third quarter. Vanguard Group Inc. now owns 4,476,671 shares of the bank’s stock worth $317,396,000 after purchasing an additional 72,994 shares during the last quarter. American Century Companies Inc. grew its stake in shares of UMB Financial by 23.7% in the fourth quarter. American Century Companies Inc. now owns 3,195,954 shares of the bank’s stock worth $194,857,000 after purchasing an additional 612,931 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of UMB Financial by 8.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,386,897 shares of the bank’s stock worth $84,559,000 after purchasing an additional 103,455 shares during the last quarter. 90.89% of the stock is currently owned by institutional investors.
UMB Financial Company Profile
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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