UMB Financial Corp (UMBF) Receives $75.50 Average PT from Analysts
Shares of UMB Financial Corp (NASDAQ:UMBF) have earned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $75.50.
UMBF has been the subject of several research analyst reports. Zacks Investment Research raised UMB Financial Corp from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Wednesday, June 28th. BidaskClub raised UMB Financial Corp from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 21st. Stephens set a $71.00 price objective on UMB Financial Corp and gave the stock a “hold” rating in a report on Wednesday, July 26th. Piper Jaffray Companies set a $74.00 price objective on UMB Financial Corp and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, Raymond James Financial, Inc. raised UMB Financial Corp from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th.
Shares of UMB Financial Corp (UMBF) remained flat at $68.80 on Friday. 176,687 shares of the company’s stock traded hands. The stock’s 50 day moving average is $67.57 and its 200 day moving average is $72.21. UMB Financial Corp has a 52-week low of $57.58 and a 52-week high of $81.55. The company has a market capitalization of $3.44 billion, a PE ratio of 19.88 and a beta of 0.86.
UMB Financial Corp (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). UMB Financial Corp had a return on equity of 8.80% and a net margin of 18.07%. The firm had revenue of $247.70 million during the quarter, compared to the consensus estimate of $261.84 million. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Analysts expect that UMB Financial Corp will post $3.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 7th. UMB Financial Corp’s dividend payout ratio is presently 29.39%.
In related news, Director Timothy R. Murphy purchased 1,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was acquired at an average price of $67.50 per share, with a total value of $101,250.00. Following the completion of the acquisition, the director now owns 4,049 shares of the company’s stock, valued at approximately $273,307.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.09% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in UMBF. Tyers Asset Management LLC grew its holdings in UMB Financial Corp by 11.1% during the first quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock valued at $108,000 after purchasing an additional 144 shares during the period. Invictus RG bought a new stake in UMB Financial Corp during the first quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in UMB Financial Corp by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,604 shares of the bank’s stock valued at $120,000 after purchasing an additional 130 shares during the period. PNC Financial Services Group Inc. grew its holdings in UMB Financial Corp by 21.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock valued at $143,000 after purchasing an additional 330 shares during the period. Finally, Elkfork Partners LLC grew its holdings in UMB Financial Corp by 11.1% during the first quarter. Elkfork Partners LLC now owns 1,980 shares of the bank’s stock valued at $149,000 after purchasing an additional 198 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.
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UMB Financial Corp Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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