UMB Financial Corp (NASDAQ:UMBF) has received an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $71.67.
A number of equities research analysts have commented on the company. BidaskClub raised UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Stephens reissued a “buy” rating and issued a $75.00 target price on shares of UMB Financial in a report on Monday, September 16th. Finally, Zacks Investment Research downgraded UMB Financial from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a report on Tuesday, July 2nd.
Shares of UMBF opened at $64.62 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.05 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The company’s 50 day simple moving average is $63.59 and its 200-day simple moving average is $65.05. UMB Financial has a 12-month low of $57.00 and a 12-month high of $71.97.
UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $1.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. UMB Financial had a return on equity of 8.68% and a net margin of 16.17%. The firm had revenue of $271.80 million during the quarter, compared to the consensus estimate of $271.47 million. During the same period last year, the company earned $1.12 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities research analysts forecast that UMB Financial will post 4.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Monday, September 9th. UMB Financial’s dividend payout ratio (DPR) is presently 29.78%.
In other news, Director Kris A. Robbins sold 800 shares of UMB Financial stock in a transaction on Monday, September 9th. The stock was sold at an average price of $62.57, for a total transaction of $50,056.00. Following the completion of the transaction, the director now owns 4,796 shares of the company’s stock, valued at approximately $300,085.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman J Mariner Kemper sold 3,145 shares of UMB Financial stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $65.64, for a total value of $206,437.80. Following the transaction, the chairman now directly owns 188,862 shares of the company’s stock, valued at approximately $12,396,901.68. The disclosure for this sale can be found here. Insiders have sold a total of 4,257 shares of company stock valued at $276,615 in the last ninety days. Corporate insiders own 10.45% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Oakworth Capital Inc. acquired a new position in shares of UMB Financial in the 2nd quarter valued at about $34,000. North Star Investment Management Corp. acquired a new position in UMB Financial during the 3rd quarter worth approximately $44,000. Parkside Investments LLC acquired a new position in UMB Financial during the 2nd quarter worth approximately $56,000. Point72 Asset Management L.P. acquired a new position in UMB Financial during the 2nd quarter worth approximately $66,000. Finally, Quantamental Technologies LLC acquired a new position in UMB Financial during the 2nd quarter worth approximately $71,000. Hedge funds and other institutional investors own 85.60% of the company’s stock.
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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