Somewhat Positive News Coverage Somewhat Unlikely to Impact UMB Financial (UMBF) Share Price
Media coverage about UMB Financial (NASDAQ:UMBF) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. UMB Financial earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.401809390835 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
UMB Financial (UMBF) traded down $0.58 during trading on Friday, hitting $74.49. 167,390 shares of the stock traded hands, compared to its average volume of 257,490. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $3,743.54, a PE ratio of 20.75, a P/E/G ratio of 2.29 and a beta of 0.82. UMB Financial has a 12-month low of $62.27 and a 12-month high of $81.55.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The firm had revenue of $245.20 million for the quarter, compared to analysts’ expectations of $257.76 million. UMB Financial had a net margin of 17.05% and a return on equity of 9.03%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. equities research analysts forecast that UMB Financial will post 3.63 EPS for the current year.
Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. BidaskClub cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Piper Jaffray Companies restated a “neutral” rating and set a $74.00 price objective on shares of UMB Financial in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. UMB Financial has a consensus rating of “Hold” and a consensus price target of $77.20.
In related news, insider Kevin M. Macke sold 1,332 shares of UMB Financial stock in a transaction on Wednesday, November 29th. The shares were 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 accessible through this hyperlink. Also, EVP Christian R. Swett sold 1,862 shares of UMB Financial stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $73.50, for a total transaction of $136,857.00. The disclosure for this sale can be found here. 10.09% of the stock is owned by company insiders.
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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.
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