UMB Financial Corp. (UMBF) Reaches New 12-Month High at $61.24
UMB Financial Corp. (NASDAQ:UMBF) reached a new 52-week high on Tuesday . The stock traded as high as $61.24 and last traded at $60.89, with a volume of 101,578 shares trading hands. The stock had previously closed at $60.59.
UMBF has been the topic of several research reports. TheStreet upgraded UMB Financial Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, May 24th. Zacks Investment Research lowered UMB Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Bank of America Corp. restated a “buy” rating and set a $60.00 price target on shares of UMB Financial Corp. in a research report on Tuesday, May 24th. Finally, Keefe, Bruyette & Woods lifted their price target on UMB Financial Corp. from $52.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. UMB Financial Corp. presently has a consensus rating of “Buy” and a consensus price target of $60.50.
The company has a market capitalization of $3.01 billion and a price-to-earnings ratio of 23.71. The stock’s 50-day moving average price is $56.82 and its 200 day moving average price is $54.15.
UMB Financial Corp. (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $242.70 million for the quarter, compared to analysts’ expectations of $240.10 million. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities analysts forecast that UMB Financial Corp. will post $3.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be given a dividend of $0.245 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.98 dividend on an annualized basis and a yield of 1.62%.
In other UMB Financial Corp. news, EVP Christian R. Swett sold 1,518 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $60.51, for a total transaction of $91,854.18. Following the sale, the executive vice president now directly owns 5,746 shares in the company, valued at $347,690.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
A hedge fund recently raised its stake in UMB Financial Corp. stock. Principal Financial Group Inc. raised its stake in UMB Financial Corp. (NASDAQ:UMBF) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 281,178 shares of the company’s stock after buying an additional 12,072 shares during the period. Principal Financial Group Inc. owned approximately 0.57% of UMB Financial Corp. worth $13,089,000 at the end of the most recent reporting period.
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