A number of other brokerages have also commented on UMBF. Stephens reiterated a buy rating and set a $34.00 price target on shares of Guaranty Bancshares in a report on Tuesday, April 23rd. Zacks Investment Research lowered shares of EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $71.00.
UMB Financial stock traded up $0.52 during trading hours on Thursday, hitting $64.69. The company had a trading volume of 2,092 shares, compared to its average volume of 186,909. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.89 and a beta of 0.94. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.03. UMB Financial has a one year low of $57.00 and a one year high of $80.39. The business’s 50-day moving average is $63.89.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.09. The business had revenue of $271.30 million for the quarter, compared to analysts’ expectations of $262.18 million. UMB Financial had a net margin of 16.66% and a return on equity of 8.90%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share. Equities analysts expect that UMB Financial will post 4.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, June 7th. UMB Financial’s dividend payout ratio (DPR) is presently 29.78%.
In related news, EVP James Cornelius sold 800 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $69.38, for a total value of $55,504.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman J Mariner Kemper sold 5,800 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $71.23, for a total transaction of $413,134.00. Following the sale, the chairman now directly owns 188,711 shares of the company’s stock, valued at $13,441,884.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,599 shares of company stock worth $961,167. 10.45% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its position in shares of UMB Financial by 5.9% during the 4th quarter. Advisor Group Inc. now owns 3,432 shares of the bank’s stock valued at $210,000 after buying an additional 192 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in UMB Financial by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the bank’s stock valued at $1,191,000 after purchasing an additional 252 shares in the last quarter. Diversified Trust Co lifted its holdings in UMB Financial by 5.0% in the 1st quarter. Diversified Trust Co now owns 5,725 shares of the bank’s stock valued at $367,000 after purchasing an additional 275 shares in the last quarter. Creative Planning lifted its holdings in UMB Financial by 1.8% in the 1st quarter. Creative Planning now owns 16,117 shares of the bank’s stock valued at $1,032,000 after purchasing an additional 288 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in UMB Financial by 1,700.0% in the 1st quarter. Quadrant Capital Group LLC now owns 468 shares of the bank’s stock valued at $29,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 87.46% of the company’s stock.
UMB Financial Company Profile
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
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