UMB Financial Corp. (NASDAQ:UMBF)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $55.25, but opened at $55.40. UMB Financial Corp. shares last traded at $56.06, with a volume of 353,979 shares.

UMBF has been the subject of several research reports. Zacks Investment Research raised UMB Financial Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. Bank of America Corp. reaffirmed a “buy” rating and set a $60.00 price objective on shares of UMB Financial Corp. in a report on Tuesday, May 24th. Raymond James Financial Inc. raised UMB Financial Corp. from an “underperform” rating to a “market perform” rating in a report on Thursday, April 28th. Finally, TheStreet raised UMB Financial Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. UMB Financial Corp. has an average rating of “Hold” and a consensus target price of $58.50.

The company has a market capitalization of $2.77 billion and a P/E ratio of 22.88. The firm has a 50-day moving average price of $55.11 and a 200-day moving average price of $51.33.

UMB Financial Corp. (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. The firm had revenue of $234.20 million for the quarter, compared to analysts’ expectations of $231.67 million. During the same quarter in the prior year, the business posted $0.75 earnings per share. UMB Financial Corp.’s revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that UMB Financial Corp. will post $3.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 10th were issued a dividend of $0.245 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.98 annualized dividend and a dividend yield of 1.75%.

In other UMB Financial Corp. news, insider Michael D. Hagedorn sold 7,573 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $57.43, for a total transaction of $434,917.39. Following the transaction, the insider now directly owns 68,632 shares of the company’s stock, valued at $3,941,535.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Hagedorn sold 13,769 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $57.57, for a total transaction of $792,681.33. Following the transaction, the insider now directly owns 64,660 shares in the company, valued at $3,722,476.20. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Nationwide Fund Advisors increased its position in UMB Financial Corp. by 1.3% in the fourth quarter. Nationwide Fund Advisors now owns 29,157 shares of the company’s stock valued at $1,357,000 after buying an additional 388 shares during the last quarter. New York State Common Retirement Fund increased its position in UMB Financial Corp. by 1.6% in the fourth quarter. New York State Common Retirement Fund now owns 37,800 shares of the company’s stock valued at $1,760,000 after buying an additional 600 shares during the last quarter. Mutual of America Capital Management LLC increased its position in UMB Financial Corp. by 9.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 42,966 shares of the company’s stock valued at $2,000,000 after buying an additional 3,779 shares during the last quarter. Swiss National Bank increased its position in UMB Financial Corp. by 6.3% in the fourth quarter. Swiss National Bank now owns 54,400 shares of the company’s stock valued at $2,532,000 after buying an additional 3,200 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in UMB Financial Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 72,963 shares of the company’s stock valued at $3,396,000 after buying an additional 1,159 shares during the last quarter.

UMB Financial Corporation is a financial holding company. The Company’s primary banking subsidiary is UMB Bank, National Association (the Bank). The Company supplies banking services, institutional investment management, asset servicing, and payment solutions in the United States and across the world.

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