UMB Financial Corp. (UMBF) Trading 0.2% Higher
UMB Financial Corp. (NASDAQ:UMBF)’s share price traded up 0.2% during mid-day trading on Friday . The stock traded as high as $59.82 and last traded at $59.61, with a volume of 60,284 shares trading hands. The stock had previously closed at $59.50.
Several equities analysts recently issued reports on the stock. TheStreet raised shares of UMB Financial Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, May 24th. Zacks Investment Research raised shares of UMB Financial Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Thursday, August 11th. Bank of America Corp. reissued a “buy” rating and set a $60.00 price objective on shares of UMB Financial Corp. in a report on Tuesday, May 24th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of UMB Financial Corp. from $52.00 to $53.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $59.00.
The stock has a 50-day moving average of $57.72 and a 200-day moving average of $54.61. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 23.03 and a beta of 0.99.
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UMB Financial Corp. (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The firm earned $242.70 million during the quarter, compared to analysts’ expectations of $240.10 million. UMB Financial Corp. had a net margin of 13.28% and a return on equity of 6.71%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. On average, equities research analysts anticipate 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. Investors of record on Friday, September 9th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.66%. UMB Financial Corp.’s payout ratio is currently 38.28%.
In related news, EVP Christian R. Swett sold 1,518 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 5,746 shares of the company’s stock, valued at approximately $347,690.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider J Walker Brian sold 3,047 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $60.45, for a total transaction of $184,191.15. Following the transaction, the insider now directly owns 5,776 shares of the company’s stock, valued at approximately $349,159.20. The disclosure for this sale can be found here. Corporate insiders own 10.32% of the company’s stock.
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