UMB Financial Corp. (UMBF) Sets New 52-Week High at $59.61
Shares of UMB Financial Corp. (NASDAQ:UMBF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.61 and last traded at $59.50, with a volume of 33,800 shares trading hands. The stock had previously closed at $59.30.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded UMB Financial Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Thursday, August 11th. TheStreet upgraded UMB Financial Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24th. Bank of America Corp. reiterated a “buy” rating and issued a $60.00 price objective on shares of UMB Financial Corp. in a research note on Tuesday, May 24th. Keefe, Bruyette & Woods increased their price objective on UMB Financial Corp. from $52.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, July 28th. Finally, Raymond James Financial Inc. upgraded UMB Financial Corp. from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $60.50.
The firm has a market cap of $2.96 billion and a P/E ratio of 23.33. The firm’s 50 day moving average price is $56.41 and its 200-day moving average price is $53.85.
UMB Financial Corp. (NASDAQ:UMBF) last released its earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.02. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm earned $242.70 million during the quarter, compared to analysts’ expectations of $240.10 million. The firm’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts predict that UMB Financial Corp. will post $3.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be paid a dividend of $0.245 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.98 annualized dividend and a dividend yield of 1.64%.
A hedge fund recently raised its stake in UMB Financial Corp. stock. Principal Financial Group Inc. increased its stake in shares of UMB Financial Corp. (NASDAQ:UMBF) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 281,178 shares of the company’s stock after buying an additional 12,072 shares during the period. Principal Financial Group Inc. owned about 0.57% of UMB Financial Corp. worth $13,089,000 at the end of the most recent quarter.
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