UMB Financial Corporation (UMBF) Given Consensus Rating of “Hold” by Analysts
UMB Financial Corporation (NASDAQ:UMBF) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $75.50.
Several research analysts have issued reports on the company. UBS AG raised UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Zacks Investment Research raised UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Wednesday, June 28th. Raymond James Financial, Inc. raised UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Piper Jaffray Companies set a $74.00 price target on UMB Financial Corporation and gave the company a “hold” rating in a report on Friday, August 25th. Finally, BidaskClub cut UMB Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.
In related news, Director Timothy R. Murphy purchased 1,500 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were bought at an average price of $67.50 per share, with a total value of $101,250.00. Following the completion of the acquisition, the director now owns 4,049 shares of the company’s stock, valued at $273,307.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.09% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in UMBF. Capstone Asset Management Co. raised its stake in UMB Financial Corporation by 0.8% during the 1st quarter. Capstone Asset Management Co. now owns 3,833 shares of the bank’s stock valued at $289,000 after purchasing an additional 30 shares during the period. Oregon Public Employees Retirement Fund raised its stake in UMB Financial Corporation by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,311 shares of the bank’s stock valued at $1,153,000 after purchasing an additional 200 shares during the period. Great West Life Assurance Co. Can raised its stake in UMB Financial Corporation by 3.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 25,308 shares of the bank’s stock valued at $1,904,000 after purchasing an additional 834 shares during the period. State Treasurer State of Michigan raised its stake in UMB Financial Corporation by 1.1% during the 1st quarter. State Treasurer State of Michigan now owns 17,800 shares of the bank’s stock valued at $1,341,000 after purchasing an additional 200 shares during the period. Finally, Tyers Asset Management LLC raised its stake in UMB Financial Corporation by 11.1% during the 1st quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock valued at $108,000 after purchasing an additional 144 shares during the period. 82.45% of the stock is currently owned by institutional investors.
UMB Financial Corporation (NASDAQ UMBF) opened at 68.34 on Friday. UMB Financial Corporation has a 1-year low of $57.31 and a 1-year high of $81.55. The company has a 50-day moving average price of $67.60 and a 200 day moving average price of $72.39. The stock has a market capitalization of $3.42 billion, a P/E ratio of 19.75 and a beta of 0.86.
UMB Financial Corporation (NASDAQ:UMBF) last released its earnings results on Tuesday, July 25th. The bank reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $247.70 million during the quarter, compared to analyst estimates of $261.84 million. UMB Financial Corporation had a return on equity of 8.81% and a net margin of 16.59%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. On average, equities analysts predict that UMB Financial Corporation will post $3.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.02 annualized dividend and a dividend yield of 1.49%. UMB Financial Corporation’s dividend payout ratio is currently 29.39%.
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About UMB Financial Corporation
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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