UMB Financial Corp. (UMBF) Downgraded to Hold at Zacks Investment Research
According to Zacks, “UMB Financial Corporation is a financial services holding company engaged in providing complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Subsidiaries of the holding company and the lead bank, UMB Bank include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company’s proprietary mutual funds and investment advisory accounts for institutional customers. The Company has banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Financial Corporation is headquartered in Kansas. “
Separately, Keefe, Bruyette & Woods raised their price target on shares of UMB Financial Corp. from $52.00 to $53.00 and gave the stock a market perform rating in a research report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. UMB Financial Corp. has a consensus rating of Hold and a consensus price target of $59.00.
UMB Financial Corp. (NASDAQ:UMBF) opened at 61.62 on Tuesday. The stock has a market capitalization of $3.05 billion, a PE ratio of 24.06 and a beta of 0.86. The stock’s 50 day moving average is $59.45 and its 200 day moving average is $55.94. UMB Financial Corp. has a 12-month low of $39.55 and a 12-month high of $62.09.
UMB Financial Corp. (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. UMB Financial Corp. had a net margin of 13.28% and a return on equity of 6.71%. The company earned $242.70 million during the quarter, compared to analyst estimates of $240.10 million. During the same period last year, the firm posted $0.65 EPS. UMB Financial Corp.’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts anticipate that UMB Financial Corp. will post $3.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Friday, September 9th were issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Wednesday, September 7th. UMB Financial Corp.’s dividend payout ratio (DPR) is 38.28%.
In related news, insider J Walker Brian sold 3,047 shares of UMB Financial Corp. stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $60.45, for a total value of $184,191.15. Following the sale, the insider now owns 5,776 shares of the company’s stock, valued at approximately $349,159.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian R. Swett sold 1,518 shares of UMB Financial Corp. stock in a transaction on Monday, August 29th. The shares were sold at an average price of $60.51, for a total transaction of $91,854.18. Following the completion of the sale, the executive vice president now directly owns 5,746 shares in the company, valued at approximately $347,690.46. The disclosure for this sale can be found here. Insiders own 10.32% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its stake in UMB Financial Corp. by 0.5% in the third quarter. Fisher Asset Management LLC now owns 741,259 shares of the company’s stock worth $44,068,000 after buying an additional 3,757 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in UMB Financial Corp. by 13.0% in the third quarter. Independent Portfolio Consultants Inc. now owns 13,500 shares of the company’s stock worth $803,000 after buying an additional 1,550 shares in the last quarter. Mason Street Advisors LLC bought a new stake in UMB Financial Corp. during the second quarter worth about $437,000. Royal Bank of Canada boosted its stake in UMB Financial Corp. by 132.7% in the second quarter. Royal Bank of Canada now owns 9,942 shares of the company’s stock worth $529,000 after buying an additional 5,669 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in UMB Financial Corp. by 856.1% in the second quarter. Public Employees Retirement System of Ohio now owns 13,682 shares of the company’s stock worth $728,000 after buying an additional 12,251 shares in the last quarter. 84.20% of the stock is currently owned by hedge funds and other institutional investors.
UMB Financial Corp. Company Profile
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