UMB Financial Co. (NASDAQ:UMBF) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $76.75.
UMBF has been the topic of several analyst reports. BidaskClub downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of UMB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Piper Jaffray lifted their price target on shares of UMB Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd.
Shares of UMBF stock traded up $0.94 during mid-day trading on Wednesday, reaching $73.36. The company’s stock had a trading volume of 76,051 shares, compared to its average volume of 239,003. UMB Financial has a 12-month low of $62.27 and a 12-month 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 company has a market cap of $3,623.46, a PE ratio of 19.63, a P/E/G ratio of 1.43 and a beta of 0.84.
UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.02. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The business had revenue of $252.38 million for the quarter, compared to the consensus estimate of $254.98 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities research analysts expect that UMB Financial will post 4.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were paid a dividend of $0.29 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 8th. This represents a $1.16 annualized dividend and a yield of 1.58%. UMB Financial’s payout ratio is 30.93%.
In other news, Director Timothy R. Murphy purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average price of $76.23 per share, with a total value of $114,345.00. Following the purchase, the director now directly owns 6,135 shares of the company’s stock, valued at approximately $467,671.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman J Mariner Kemper sold 5,451 shares of UMB Financial stock in a transaction on Friday, January 26th. The stock was sold at an average price of $77.02, for a total transaction of $419,836.02. The disclosure for this sale can be found here. Insiders have purchased a total of 1,776 shares of company stock worth $135,338 in the last ninety days. 10.26% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in UMBF. Legal & General Group Plc grew its holdings in UMB Financial by 8.5% during the 3rd quarter. Legal & General Group Plc now owns 51,582 shares of the bank’s stock worth $3,844,000 after acquiring an additional 4,061 shares in the last quarter. Wells Fargo & Company MN grew its holdings in UMB Financial by 14.2% during the 3rd quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock worth $71,101,000 after acquiring an additional 118,896 shares in the last quarter. Crestline Management LP acquired a new position in UMB Financial during the 3rd quarter worth $2,533,000. Teacher Retirement System of Texas grew its holdings in UMB Financial by 319.3% during the 4th quarter. Teacher Retirement System of Texas now owns 14,612 shares of the bank’s stock worth $1,051,000 after acquiring an additional 11,127 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in UMB Financial by 11.8% during the 4th quarter. California Public Employees Retirement System now owns 77,104 shares of the bank’s stock worth $5,545,000 after acquiring an additional 8,155 shares in the last quarter. 85.33% of the stock is currently owned by hedge funds and other institutional investors.
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About UMB Financial
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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