UMB Financial Corp. (NASDAQ:UMBF) Receives Average Recommendation of “Buy” from Brokerages
UMB Financial Corp. (NASDAQ:UMBF) has been assigned an average rating of “Buy” from the five analysts that are covering the firm. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.00.
Several analysts have recently commented on the company. TheStreet upgraded UMB Financial Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24th. Zacks Investment Research downgraded UMB Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. Bank of America Corp. reiterated a “buy” rating and set a $60.00 price target on shares of UMB Financial Corp. in a research note on Tuesday, May 24th. Finally, Keefe, Bruyette & Woods lifted their price target on UMB Financial Corp. from $52.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, July 28th.
Shares of UMB Financial Corp. (NASDAQ:UMBF) traded up 0.980% during trading on Wednesday, hitting $58.215. The stock had a trading volume of 54,548 shares. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 22.731 and a beta of 0.99. The company’s 50 day moving average price is $58.39 and its 200 day moving average price is $55.15. UMB Financial Corp. has a 52 week low of $39.55 and a 52 week high of $61.24.
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UMB Financial Corp. (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The company earned $242.70 million during the quarter, compared to the consensus estimate of $240.10 million. UMB Financial Corp. had a return on equity of 6.71% and a net margin of 13.28%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. Analysts predict that UMB Financial Corp. will post $3.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be paid a $0.245 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.70%. UMB Financial Corp.’s payout ratio is presently 38.28%.
In other news, insider J Walker Brian sold 3,047 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $60.45, for a total value of $184,191.15. Following the transaction, the insider now owns 5,776 shares in the company, valued at approximately $349,159.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christian R. Swett sold 1,518 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $60.51, for a total value of $91,854.18. Following the completion of the transaction, the executive vice president now owns 5,746 shares in the company, valued at approximately $347,690.46. The disclosure for this sale can be found here. 10.32% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. boosted its stake in UMB Financial Corp. by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,023,592 shares of the company’s stock worth $52,848,000 after buying an additional 23,328 shares during the period. OLD National Bancorp IN boosted its stake in UMB Financial Corp. by 3.3% in the first quarter. OLD National Bancorp IN now owns 6,001 shares of the company’s stock worth $310,000 after buying an additional 190 shares during the period. State Street Corp boosted its stake in UMB Financial Corp. by 12.9% in the first quarter. State Street Corp now owns 1,314,542 shares of the company’s stock worth $67,866,000 after buying an additional 150,084 shares during the period. GHP Investment Advisors Inc. boosted its stake in UMB Financial Corp. by 2.7% in the second quarter. GHP Investment Advisors Inc. now owns 8,183 shares of the company’s stock worth $435,000 after buying an additional 218 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in UMB Financial Corp. by 1.0% in the first quarter. JPMorgan Chase & Co. now owns 419,166 shares of the company’s stock worth $21,641,000 after buying an additional 3,957 shares during the period. Hedge funds and other institutional investors own 84.20% of the company’s stock.
About UMB Financial Corp.
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