UMB Financial Corporation (UMBF) To Go Ex-Dividend on December 7th
UMB Financial Corporation (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, October 24th, Zacks reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.275 per share by the bank on Tuesday, January 2nd. This represents a $1.10 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from UMB Financial’s previous quarterly dividend of $0.26.
UMB Financial has increased its dividend by an average of 15.0% per year over the last three years and has increased its dividend every year for the last 12 years. UMB Financial has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect UMB Financial to earn $3.95 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 27.8%.
Shares of UMB Financial (NASDAQ UMBF) opened at $74.92 on Wednesday. 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 stock has a market capitalization of $3,763.48, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82. UMB Financial has a one year low of $62.27 and a one year high of $81.55.
UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $245.20 million for the quarter, compared to analysts’ expectations of $257.76 million. UMB Financial had a return on equity of 9.03% and a net margin of 17.05%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. equities research analysts anticipate that UMB Financial will post 3.64 EPS for the current fiscal year.
A number of research analysts have recently commented on UMBF shares. Zacks Investment Research lowered UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Piper Jaffray Companies reissued a “neutral” rating and set a $74.00 price target on shares of UMB Financial in a report on Friday, October 6th. UBS raised UMB Financial from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Finally, Raymond James Financial raised UMB Financial from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. UMB Financial has an average rating of “Hold” and an average price target of $77.20.
In related news, insider Kevin M. Macke sold 1,332 shares of UMB Financial stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total value of $100,566.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy R. Murphy purchased 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average cost of $67.50 per share, for a total transaction of $101,250.00. Following the purchase, the director now directly owns 4,049 shares in the company, valued at approximately $273,307.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,786 shares of company stock worth $122,201. 10.09% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: This news story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://theolympiareport.com/2017/12/06/umb-financial-corporation-umbf-to-go-ex-dividend-on-december-7th.html.
About UMB Financial
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.
Receive News & Ratings for UMB Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.