Shares of UMB Financial Corp (NASDAQ:UMBF) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $77.83.
UMBF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research note on Friday, January 12th. Piper Jaffray Companies upped their target price on UMB Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. BidaskClub lowered UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Wells Fargo & Co upped their target price on UMB Financial from $71.00 to $75.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th.
UMB Financial (NASDAQ:UMBF) opened at $73.98 on Tuesday. The firm has a market capitalization of $3,696.66, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.47 and a beta of 0.87. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04. UMB Financial has a one year low of $62.27 and a one year high of $81.55.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be issued a $0.29 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, March 8th. UMB Financial’s dividend payout ratio is presently 22.13%.
In related news, insider Kevin M. Macke sold 1,332 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total transaction of $100,566.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman J Mariner Kemper sold 5,451 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $77.02, for a total value of $419,836.02. The disclosure for this sale can be found here. Insiders sold a total of 8,645 shares of company stock valued at $657,259 over the last quarter. Company insiders own 10.09% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in UMB Financial during the 3rd quarter valued at about $144,000. PNC Financial Services Group Inc. boosted its holdings in UMB Financial by 6.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock valued at $152,000 after acquiring an additional 129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in UMB Financial by 50.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock valued at $173,000 after acquiring an additional 807 shares during the period. Quantbot Technologies LP boosted its holdings in UMB Financial by 119.7% during the 3rd quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock valued at $210,000 after acquiring an additional 1,542 shares during the period. Finally, M&T Bank Corp purchased a new stake in UMB Financial during the 2nd quarter valued at about $215,000. Institutional investors own 82.88% of the company’s stock.
About UMB Financial
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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