UMB Financial Corp (UMBF) Director Timothy R. Murphy Acquires 1,000 Shares
UMB Financial Corp (NASDAQ:UMBF) Director Timothy R. Murphy acquired 1,000 shares of UMB Financial stock in a transaction that occurred on Friday, September 14th. The stock was purchased at an average cost of $74.54 per share, for a total transaction of $74,540.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
UMBF stock traded down $1.85 during mid-day trading on Monday, reaching $72.76. The company had a trading volume of 205,300 shares, compared to its average volume of 219,628. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $3.71 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.56 and a beta of 0.81. UMB Financial Corp has a 12 month low of $67.51 and a 12 month high of $82.14.
UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 24th. The bank reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.02). The company had revenue of $250.52 million during the quarter, compared to the consensus estimate of $264.19 million. UMB Financial had a return on equity of 9.94% and a net margin of 25.18%. During the same quarter in the prior year, the company earned $0.90 earnings per share. research analysts expect that UMB Financial Corp will post 4.58 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Kornitzer Capital Management Inc. KS bought a new position in shares of UMB Financial during the second quarter valued at approximately $200,000. Evergreen Capital Management LLC bought a new position in shares of UMB Financial during the first quarter valued at approximately $218,000. Nomura Holdings Inc. bought a new position in shares of UMB Financial during the second quarter valued at approximately $226,000. Pitcairn Co. bought a new position in shares of UMB Financial during the first quarter valued at approximately $263,000. Finally, Diversified Trust Co boosted its stake in shares of UMB Financial by 27.0% during the first quarter. Diversified Trust Co now owns 4,000 shares of the bank’s stock valued at $290,000 after purchasing an additional 850 shares in the last quarter. Institutional investors and hedge funds own 89.36% of the company’s stock.
UMBF has been the topic of a number of recent analyst reports. Stephens reissued a “hold” rating and issued a $85.00 price objective on shares of UMB Financial in a research report on Wednesday, May 23rd. Zacks Investment Research upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. ValuEngine upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, BidaskClub upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Six investment analysts have rated the stock with a hold rating, UMB Financial currently has an average rating of “Hold” and an average target price of $81.50.
About UMB Financial
UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.
Further Reading: What is the Book Value of a Share?
Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.