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 trading hands.

UMBF has been the subject of several research analyst reports. Zacks Investment Research cut shares of UMB Financial Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Raymond James Financial Inc. raised shares of UMB Financial Corp. from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 28th. Bank of America Corp. reaffirmed a “buy” rating and set a $60.00 target price on shares of UMB Financial Corp. in a research note on Tuesday, May 24th. Finally, TheStreet raised shares of UMB Financial Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. UMB Financial Corp. has a consensus rating of “Hold” and a consensus target price of $58.50.

The firm has a market capitalization of $2.78 billion and a price-to-earnings ratio of 22.97. The company has a 50-day moving average price of $55.09 and a 200 day moving average price of $51.39.

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

The company also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 10th were paid a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Wednesday, June 8th.

In related news, insider Michael D. Hagedorn sold 13,769 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $57.57, for a total value of $792,681.33. Following the completion of the transaction, the insider now directly owns 64,660 shares in the company, valued at approximately $3,722,476.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael D. Hagedorn sold 7,573 shares of the business’s 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 completion of the transaction, the insider now owns 68,632 shares of the company’s stock, valued at $3,941,535.76. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of UMBF. Dimensional Fund Advisors LP boosted its position in UMB Financial Corp. by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,364,242 shares of the company’s stock valued at $63,509,000 after buying an additional 64,130 shares in the last quarter. Wells Fargo & Company MN boosted its position in UMB Financial Corp. by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 683,755 shares of the company’s stock valued at $31,829,000 after buying an additional 69,427 shares in the last quarter. Principal Financial Group Inc. boosted its position in UMB Financial Corp. by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 281,178 shares of the company’s stock valued at $13,089,000 after buying an additional 12,072 shares in the last quarter. Russell Frank Co boosted its position in UMB Financial Corp. by 95.1% in the fourth quarter. Russell Frank Co now owns 252,042 shares of the company’s stock valued at $12,000,000 after buying an additional 122,853 shares in the last quarter. Finally, Financial Counselors Inc. boosted its position in UMB Financial Corp. by 0.5% in the fourth quarter. Financial Counselors Inc. now owns 97,453 shares of the company’s stock valued at $4,536,000 after buying an additional 500 shares in 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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