UMB Financial Co. (NASDAQ:UMBF) Director L Joshua Sosland purchased 520 shares of the stock in a transaction on Wednesday, June 13th. The stock was acquired at an average price of $77.48 per share, with a total value of $40,289.60. Following the acquisition, the director now directly owns 6,850 shares in the company, valued at $530,738. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
UMBF traded up $0.21 during midday trading on Thursday, hitting $78.02. The company’s stock had a trading volume of 175,652 shares, compared to its average volume of 222,829. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.59 and a beta of 0.82. UMB Financial Co. has a 52-week low of $62.27 and a 52-week high of $80.60.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, April 24th. The bank reported $1.18 EPS for the quarter, beating the consensus estimate of $1.05 by $0.13. The company had revenue of $253.45 million during the quarter, compared to analysts’ expectations of $257.41 million. UMB Financial had a return on equity of 9.56% and a net margin of 24.36%. During the same quarter in the previous year, the business earned $0.89 EPS. equities research analysts anticipate that UMB Financial Co. will post 4.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 11th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, June 8th. UMB Financial’s dividend payout ratio (DPR) is 30.93%.
A number of institutional investors and hedge funds have recently bought and sold shares of UMBF. BlackRock Inc. grew its holdings in shares of UMB Financial by 2.4% during the 1st quarter. BlackRock Inc. now owns 4,828,935 shares of the bank’s stock worth $349,565,000 after purchasing an additional 111,197 shares during the period. American Century Companies Inc. grew its holdings in shares of UMB Financial by 42.8% during the 1st quarter. American Century Companies Inc. now owns 1,559,097 shares of the bank’s stock worth $112,863,000 after purchasing an additional 467,006 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of UMB Financial by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,185,801 shares of the bank’s stock worth $85,840,000 after purchasing an additional 32,859 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of UMB Financial by 3.5% during the 1st quarter. Champlain Investment Partners LLC now owns 1,111,290 shares of the bank’s stock worth $80,446,000 after purchasing an additional 37,335 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of UMB Financial by 5.3% during the 1st quarter. Wells Fargo & Company MN now owns 1,064,339 shares of the bank’s stock worth $77,047,000 after purchasing an additional 53,314 shares during the period. Institutional investors own 86.45% of the company’s stock.
Several analysts have commented on UMBF shares. Zacks Investment Research cut UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, April 13th. Stephens restated a “hold” rating and issued a $85.00 price target on shares of UMB Financial in a report on Wednesday, May 23rd. Finally, BidaskClub cut UMB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $81.25.
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.
Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.