Analysts Set UMB Financial Corporation (UMBF) Target Price at $75.50
Shares of UMB Financial Corporation (NASDAQ:UMBF) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $75.50.
A number of brokerages recently issued reports on UMBF. UBS AG upgraded UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Raymond James Financial, Inc. upgraded UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Zacks Investment Research cut UMB Financial Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Piper Jaffray Companies set a $74.00 target price on UMB Financial Corporation and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, Stephens set a $71.00 target price on UMB Financial Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th.
Shares of UMB Financial Corporation (NASDAQ:UMBF) traded down $0.57 during midday trading on Friday, hitting $70.35. The company had a trading volume of 200,803 shares, compared to its average volume of 179,205. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3,510.00, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.38 and a beta of 0.83. UMB Financial Corporation has a twelve month low of $61.03 and a twelve month high of $81.55.
UMB Financial Corporation (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The business had revenue of $245.20 million for the quarter, compared to analysts’ expectations of $257.76 million. UMB Financial Corporation had a return on equity of 9.03% and a net margin of 17.05%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. sell-side analysts expect that UMB Financial Corporation will post 3.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be issued a dividend of $0.275 per share. This is an increase from UMB Financial Corporation’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 7th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.56%. UMB Financial Corporation’s payout ratio is currently 28.41%.
In other UMB Financial Corporation news, Director Timothy R. Murphy purchased 1,500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of $67.50 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.09% of the company’s stock.
Several hedge funds have recently modified their holdings of UMBF. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of UMB Financial Corporation 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 buying an additional 130 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of UMB Financial Corporation 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 buying an additional 330 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of UMB Financial Corporation during the third quarter valued at $144,000. Riverhead Capital Management LLC grew its holdings in shares of UMB Financial Corporation by 53.9% during the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the bank’s stock valued at $184,000 after buying an additional 863 shares in the last quarter. Finally, Pitcairn Co. purchased a new position in shares of UMB Financial Corporation during the second quarter valued at $201,000. Institutional investors and hedge funds own 82.22% of the company’s stock.
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About UMB Financial Corporation
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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