UMB Financial Corp (NASDAQ:UMBF) Director Timothy R. Murphy acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were bought at an average price of $76.23 per share, for a total transaction of $114,345.00. Following the completion of the acquisition, the director now owns 6,135 shares in the company, valued at $467,671.05. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
UMB Financial Corp (NASDAQ:UMBF) traded down $0.91 on Wednesday, reaching $75.94. 186,489 shares of the company were exchanged, compared to its average volume of 238,660. The firm has a market cap of $3,849.22, a P/E ratio of 15.28, a PEG ratio of 1.52 and a beta of 0.88. UMB Financial Corp has a 12-month low of $62.27 and a 12-month high of $80.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68.
UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 23rd. The bank reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.02. The firm had revenue of $252.38 million during the quarter, compared to the consensus estimate of $254.98 million. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. analysts expect that UMB Financial Corp will post 4.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from UMB Financial’s previous quarterly dividend of $0.28. UMB Financial’s dividend payout ratio is 23.34%.
Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in UMB Financial by 50.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock valued at $173,000 after acquiring an additional 807 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in UMB Financial in the fourth quarter valued at approximately $202,000. Advisor Group Inc. grew its position in UMB Financial by 137.6% in the fourth quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock valued at $209,000 after acquiring an additional 1,675 shares in the last quarter. Quantbot Technologies LP grew its position in UMB Financial by 119.7% in the third quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock valued at $210,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Tyers Asset Management LLC grew its position in UMB Financial by 31.3% in the fourth quarter. Tyers Asset Management LLC now owns 3,088 shares of the bank’s stock valued at $222,000 after acquiring an additional 736 shares in the last quarter. 85.08% of the stock is owned by institutional investors.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of UMB Financial from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Wednesday. BidaskClub raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Wells Fargo & Co increased their target price on shares of UMB Financial from $71.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, Piper Jaffray Companies increased their target price on shares of UMB Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. UMB Financial currently has a consensus rating of “Hold” and a consensus target price of $78.00.
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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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