UMB Financial Corp (NASDAQ:UMBF) Director Timothy R. Murphy acquired 1,000 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were acquired at an average cost of $74.54 per share, with a total value of $74,540.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
UMB Financial stock traded down $1.85 during mid-day trading on Monday, hitting $72.76. The stock had a trading volume of 205,300 shares, compared to its average volume of 219,628. The company has a market capitalization of $3.71 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.67 and a current ratio of 0.67. UMB Financial Corp has a one year low of $67.51 and a one year high of $82.14.
UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 24th. The bank reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm had revenue of $250.52 million during the quarter, compared to the consensus estimate of $264.19 million. UMB Financial had a return on equity of 9.94% and a net margin of 25.18%. During the same period in the prior year, the company posted $0.90 EPS. analysts forecast that UMB Financial Corp will post 4.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, September 7th. UMB Financial’s dividend payout ratio is currently 30.93%.
Several research analysts recently weighed in on UMBF shares. Zacks Investment Research raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. BidaskClub raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. ValuEngine raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Stephens reaffirmed a “hold” rating and issued a $85.00 target price on shares of UMB Financial in a report on Wednesday, May 23rd. Six equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $81.50.
Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in UMB Financial by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 930,028 shares of the bank’s stock worth $70,896,000 after purchasing an additional 88,848 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in UMB Financial by 1,949.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 19,718 shares of the bank’s stock worth $1,503,000 after purchasing an additional 18,756 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in UMB Financial in the 2nd quarter worth $7,120,000. Nomura Holdings Inc. purchased a new stake in UMB Financial in the 2nd quarter worth $226,000. Finally, California Public Employees Retirement System lifted its stake in UMB Financial by 24.6% in the 2nd quarter. California Public Employees Retirement System now owns 105,770 shares of the bank’s stock worth $8,063,000 after purchasing an additional 20,902 shares in the last quarter. 89.36% of the stock is owned by institutional investors.
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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