UMB Financial Corp (UMBF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of UMB Financial Corp (NASDAQ:UMBF) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $77.40.

A number of research firms have recently issued reports on UMBF. Zacks Investment Research lowered shares of UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $74.00 target price on shares of UMB Financial in a report on Friday, October 6th. Finally, BidaskClub lowered shares of UMB Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 9th.

In other news, EVP Christian R. Swett sold 1,862 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $73.50, for a total transaction of $136,857.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kevin M. Macke sold 1,332 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $75.50, for a total transaction of $100,566.00. The disclosure for this sale can be found here. Insiders own 10.09% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in shares of UMB Financial by 5.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 263,071 shares of the bank’s stock valued at $18,921,000 after acquiring an additional 13,062 shares during the last quarter. Bank of Montreal Can lifted its position in UMB Financial by 35.0% in the fourth quarter. Bank of Montreal Can now owns 5,110 shares of the bank’s stock valued at $368,000 after buying an additional 1,324 shares during the last quarter. California Public Employees Retirement System lifted its position in UMB Financial by 9.2% in the third quarter. California Public Employees Retirement System now owns 68,949 shares of the bank’s stock valued at $5,136,000 after buying an additional 5,810 shares during the last quarter. Crestline Management LP acquired a new position in UMB Financial in the third quarter valued at about $2,533,000. Finally, Wells Fargo & Company MN lifted its position in UMB Financial by 14.2% in the third quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock valued at $71,101,000 after buying an additional 118,896 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UMB Financial (NASDAQ UMBF) opened at $75.01 on Friday. UMB Financial has a 1-year low of $62.27 and a 1-year high of $81.55. The company has a market cap of $3,739.55, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.54 and a beta of 0.83. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.04.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. UMB Financial had a net margin of 17.05% and a return on equity of 9.03%. The business had revenue of $245.20 million during the quarter, compared to analyst estimates of $257.76 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. analysts expect that UMB Financial will post 3.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were given a dividend of $0.275 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.10 annualized dividend and a dividend yield of 1.47%. UMB Financial’s payout ratio is presently 30.64%.

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UMB Financial Company Profile

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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