UMB Financial Corp (NASDAQ:UMBF) insider J Walker Brian sold 3,454 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $76.36, for a total value of $263,747.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
UMB Financial Corp (UMBF) opened at $74.99 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $3,740.00, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. UMB Financial Corp has a 12-month low of $62.27 and a 12-month high of $81.55.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The company had revenue of $252.38 million during the quarter, compared to analysts’ expectations of $254.98 million. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. equities research analysts predict that UMB Financial Corp will post 4.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a $0.29 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, March 8th. UMB Financial’s dividend payout ratio is presently 31.79%.
Several analysts recently issued reports on UMBF shares. Zacks Investment Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Friday, January 12th. BidaskClub downgraded UMB Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 9th. Wells Fargo & Co increased their price target on UMB Financial from $71.00 to $75.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Finally, Piper Jaffray Companies increased their price target on UMB Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. UMB Financial currently has a consensus rating of “Hold” and a consensus target price of $77.83.
Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in UMB Financial by 6.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock valued at $152,000 after buying an additional 129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in UMB Financial by 50.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock valued at $173,000 after buying an additional 807 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in UMB Financial in the 3rd quarter valued at about $144,000. Zeke Capital Advisors LLC purchased a new position in UMB Financial in the 4th quarter valued at about $202,000. Finally, Quantbot Technologies LP boosted its position in UMB Financial by 119.7% in the 3rd quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock valued at $210,000 after buying an additional 1,542 shares during the last quarter. 84.30% of the stock is owned by institutional investors.
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About UMB Financial
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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