According to Zacks, “UMB Financial Corporation is a financial services holding company engaged in providing complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Subsidiaries of the holding company and the lead bank, UMB Bank include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company’s proprietary mutual funds and investment advisory accounts for institutional customers. The Company has banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Financial Corporation is headquartered in Kansas. “
Separately, Keefe, Bruyette & Woods raised their target price on UMB Financial Corp. from $52.00 to $53.00 and gave the company a market perform rating in a report on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $59.00.
Shares of UMB Financial Corp. (NASDAQ:UMBF) opened at 61.62 on Tuesday. The firm has a market cap of $3.05 billion, a PE ratio of 24.06 and a beta of 0.86. UMB Financial Corp. has a 1-year low of $39.55 and a 1-year high of $62.09. The company has a 50-day moving average of $59.45 and a 200-day moving average of $55.94.
UMB Financial Corp. (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $242.70 million for the quarter, compared to analyst estimates of $240.10 million. UMB Financial Corp. had a return on equity of 6.71% and a net margin of 13.28%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. Analysts predict that UMB Financial Corp. will post $3.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Friday, September 9th were issued a dividend of $0.245 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.98 annualized dividend and a dividend yield of 1.59%. UMB Financial Corp.’s payout ratio is currently 38.28%.
In related news, insider J Walker Brian sold 3,047 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $60.45, for a total transaction of $184,191.15. Following the sale, the insider now directly owns 5,776 shares in the company, valued at approximately $349,159.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christian R. Swett sold 1,518 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $60.51, for a total value of $91,854.18. Following the sale, the executive vice president now owns 5,746 shares in the company, valued at $347,690.46. The disclosure for this sale can be found here. Corporate insiders own 10.32% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in shares of UMB Financial Corp. by 77.0% in the second quarter. Victory Capital Management Inc. now owns 1,998 shares of the company’s stock valued at $106,000 after buying an additional 869 shares during the last quarter. BlackRock Inc. increased its stake in shares of UMB Financial Corp. by 60.0% in the first quarter. BlackRock Inc. now owns 2,595 shares of the company’s stock valued at $134,000 after buying an additional 973 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of UMB Financial Corp. during the second quarter valued at approximately $253,000. BlackRock Japan Co. Ltd bought a new stake in shares of UMB Financial Corp. during the second quarter valued at approximately $260,000. Finally, Bank of Montreal Can bought a new stake in shares of UMB Financial Corp. during the second quarter valued at approximately $261,000. Institutional investors and hedge funds own 84.20% of the company’s stock.
UMB Financial Corp. Company Profile
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