UMB Financial Corp. (UMBF) Announces Quarterly Results
UMB Financial Corp. (NASDAQ:UMBF) announced its earnings results on Wednesday. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09, Analyst Ratings News reports. During the same quarter in the previous year, the company posted $0.64 earnings per share.
UMB Financial Corp. (NASDAQ:UMBF) opened at 58.70 on Wednesday. UMB Financial Corp. has a 52 week low of $40.27 and a 52 week high of $62.20. The stock’s 50-day moving average is $59.41 and its 200-day moving average is $53.49. The company has a market cap of $2.385 billion and a P/E ratio of 21.19.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.23 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.53%.
A number of analysts have recently weighed in on UMBF shares. Analysts at Bank of America Corp. initiated coverage on shares of UMB Financial Corp. in a research note to investors on Friday, October 11th. They set a “buy” rating on the stock. On a related note, analysts at Zacks downgraded shares of UMB Financial Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 1st. They now have a $52.30 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of UMB Financial Corp. from $55.00 to $54.00 in a research note to investors on Friday, September 6th. They now have a “market perform” rating on the stock.
UMB Financial Corporation (NASDAQ:UMBF) is a multi-bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.