UMB Financial Corp (NASDAQ:UMBF) Director Greg M. Graves bought 333 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $67.47 per share, with a total value of $22,467.51. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of UMBF traded down $2.23 during trading hours on Monday, reaching $63.39. 162,019 shares of the company traded hands, compared to its average volume of 233,291. The firm has a fifty day moving average of $64.97. The firm has a market cap of $3.22 billion, a PE ratio of 15.73, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a current ratio of 0.68, a quick ratio of 0.69 and a debt-to-equity ratio of 0.04. UMB Financial Corp has a 1-year low of $57.00 and a 1-year high of $77.43.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $1.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.17. The business had revenue of $271.80 million during the quarter, compared to analyst estimates of $271.47 million. UMB Financial had a net margin of 16.17% and a return on equity of 8.68%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. Sell-side analysts predict that UMB Financial Corp will post 4.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, September 9th. UMB Financial’s dividend payout ratio is currently 29.78%.
A number of research firms have weighed in on UMBF. Stephens set a $74.00 target price on shares of UMB Financial and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Zacks Investment Research lowered shares of UMB Financial from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a research report on Tuesday, July 2nd. Finally, BidaskClub raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.00.
Several institutional investors and hedge funds have recently made changes to their positions in UMBF. Quadrant Capital Group LLC raised its position in shares of UMB Financial by 1,700.0% during the first quarter. Quadrant Capital Group LLC now owns 468 shares of the bank’s stock valued at $29,000 after buying an additional 442 shares during the last quarter. Manchester Capital Management LLC acquired a new position in shares of UMB Financial during the first quarter valued at about $33,000. Oakworth Capital Inc. acquired a new position in shares of UMB Financial during the second quarter valued at about $34,000. Parkside Investments LLC acquired a new position in shares of UMB Financial during the second quarter valued at about $56,000. Finally, Kavar Capital Partners LLC acquired a new position in shares of UMB Financial during the second quarter valued at about $82,000. 87.44% of the stock is owned by institutional investors and hedge funds.
UMB Financial Company Profile
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
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