UMB Financial Corporation (UMBF) Receives Average Rating of “Hold” from Analysts
Shares of UMB Financial Corporation (NASDAQ:UMBF) have been given an average recommendation of “Hold” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $77.20.
A number of analysts recently commented on the company. Piper Jaffray Companies reiterated a “neutral” rating and issued a $74.00 price objective on shares of UMB Financial Corporation in a research report on Friday, October 6th. Zacks Investment Research upgraded UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Thursday, October 5th. Raymond James Financial, Inc. upgraded UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. UBS AG upgraded UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Finally, BidaskClub lowered UMB Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st.
Shares of UMB Financial Corporation (UMBF) opened at 75.56 on Wednesday. UMB Financial Corporation has a 12-month low of $59.65 and a 12-month high of $81.55. The company has a 50 day moving average of $69.51 and a 200-day moving average of $71.86. The firm has a market cap of $3.78 billion, a PE ratio of 21.83 and a beta of 0.89.
UMB Financial Corporation (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate 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%. UMB Financial Corporation’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. Equities research analysts forecast that UMB Financial Corporation will post $3.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were given a $0.255 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.02 dividend on an annualized basis and a yield of 1.35%. UMB Financial Corporation’s payout ratio is 29.39%.
In related news, Director Timothy R. Murphy bought 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average cost of $67.50 per share, for a total transaction of $101,250.00. Following the transaction, the director now owns 4,049 shares of the company’s stock, valued at $273,307.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.09% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Miles Capital Inc. grew its position in shares of UMB Financial Corporation by 0.3% during the 1st quarter. Miles Capital Inc. now owns 2,951 shares of the bank’s stock worth $222,000 after buying an additional 8 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of UMB Financial Corporation by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,868 shares of the bank’s stock worth $814,000 after buying an additional 33 shares during the period. World Asset Management Inc grew its position in shares of UMB Financial Corporation by 1.6% during the 2nd quarter. World Asset Management Inc now owns 2,769 shares of the bank’s stock worth $207,000 after buying an additional 43 shares during the period. Teacher Retirement System of Texas grew its position in shares of UMB Financial Corporation by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,383 shares of the bank’s stock worth $253,000 after buying an additional 53 shares during the period. Finally, Aperio Group LLC grew its position in shares of UMB Financial Corporation by 0.6% during the 2nd quarter. Aperio Group LLC now owns 15,129 shares of the bank’s stock worth $1,133,000 after buying an additional 85 shares during the period. Institutional investors own 82.45% of the company’s stock.
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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