UMB Financial Co. (NASDAQ:UMBF) Director Timothy R. Murphy purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was 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 directly owns 6,135 shares in the company, valued at approximately $467,671.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of UMBF stock traded up $0.06 during mid-day trading on Wednesday, reaching $76.09. The company had a trading volume of 136,450 shares, compared to its average volume of 240,974. UMB Financial Co. has a 1 year low of $62.27 and a 1 year high of $78.67. 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 stock has a market cap of $3,805.08, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.51 and a beta of 0.88.
UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. UMB Financial had a return on equity of 9.05% and a net margin of 23.35%. The firm had revenue of $252.38 million for the quarter, compared to the consensus estimate of $254.98 million. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. sell-side analysts predict that UMB Financial Co. 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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.52%. This is an increase from UMB Financial’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, March 8th. UMB Financial’s payout ratio is 23.34%.
A number of institutional investors and hedge funds have recently modified their holdings of UMBF. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in UMB Financial by 50.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock worth $173,000 after acquiring an additional 807 shares during the period. Zeke Capital Advisors LLC acquired a new stake in UMB Financial during the 4th quarter worth about $202,000. Advisor Group Inc. lifted its position in UMB Financial by 137.6% during the 4th quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock worth $209,000 after acquiring an additional 1,675 shares during the period. Quantbot Technologies LP lifted its position in UMB Financial by 119.7% during the 3rd quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock worth $210,000 after acquiring an additional 1,542 shares during the period. Finally, Tyers Asset Management LLC lifted its position in UMB Financial by 31.3% during the 4th quarter. Tyers Asset Management LLC now owns 3,088 shares of the bank’s stock worth $222,000 after acquiring an additional 736 shares during the period. 85.09% of the stock is owned by institutional investors.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded UMB Financial from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. BidaskClub downgraded UMB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Piper Jaffray Companies lifted 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. Finally, Wells Fargo lifted 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.00.
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UMB Financial Company Profile
UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.
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