Shares of UMB Financial Corp (NASDAQ:UMBF) have been given an average rating of “Hold” by the nine brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $75.50.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut UMB Financial from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. BidaskClub lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $74.00 price target on shares of UMB Financial in a research report on Friday, October 6th.
UMB Financial (UMBF) opened at $74.49 on Monday. UMB Financial has a twelve month low of $62.27 and a twelve month high of $81.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $3,743.54, a P/E ratio of 20.75, a PEG ratio of 2.29 and a beta of 0.82.
UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. UMB Financial had a return on equity of 9.03% and a net margin of 17.05%. The business had revenue of $245.20 million during the quarter, compared to analysts’ expectations of $257.76 million. During the same period in the prior year, the firm posted $0.87 EPS. UMB Financial’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts predict that UMB Financial will post 3.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a yield of 1.48%. UMB Financial’s dividend payout ratio is 30.64%.
In related news, EVP Christian R. Swett sold 1,862 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $73.50, for a total transaction of $136,857.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin M. Macke sold 1,332 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total value of $100,566.00. The disclosure for this sale can be found here. 10.09% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in UMB Financial by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,604 shares of the bank’s stock valued at $120,000 after buying an additional 130 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in UMB Financial by 6.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock valued at $152,000 after buying an additional 129 shares during the last quarter. Riverhead Capital Management LLC boosted its position in UMB Financial by 53.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,463 shares of the bank’s stock valued at $184,000 after buying an additional 863 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in UMB Financial in the 3rd quarter valued at $144,000. Finally, Quantbot Technologies LP boosted its position in UMB Financial by 119.7% in the 3rd quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock valued at $210,000 after buying an additional 1,542 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.
UMB Financial Company Profile
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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