BidaskClub upgraded shares of UMB Financial Corporation (NASDAQ:UMBF) from a sell rating to a hold rating in a report issued on Friday, June 30th.
UMBF has been the topic of a number of other research reports. Zacks Investment Research downgraded UMB Financial Corporation from a buy rating to a hold rating in a research report on Thursday, June 29th. FBR & Co lifted their target price on UMB Financial Corporation from $80.00 to $82.00 and gave the stock a mkt perform rating in a report on Thursday, April 27th. Stephens reaffirmed a hold rating on shares of UMB Financial Corporation in a report on Thursday, April 20th. Keefe, Bruyette & Woods set a $75.00 target price on UMB Financial Corporation and gave the stock a hold rating in a report on Tuesday, April 4th. Finally, Raymond James Financial, Inc. raised UMB Financial Corporation from an underperform rating to a market perform rating in a report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of Hold and an average price target of $78.20.
Shares of UMB Financial Corporation (NASDAQ UMBF) traded down 0.06% on Friday, hitting $70.03. 212,498 shares of the company traded hands. The firm’s 50 day moving average price is $73.92 and its 200-day moving average price is $74.62. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 20.23 and a beta of 0.87. UMB Financial Corporation has a 1-year low of $54.12 and a 1-year high of $81.55.
UMB Financial Corporation (NASDAQ:UMBF) last released its earnings results on Tuesday, July 25th. The bank reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by $0.02. UMB Financial Corporation had a return on equity of 8.81% and a net margin of 16.59%. The business had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $261.84 million. During the same quarter in the previous year, the business earned $0.76 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts expect that UMB Financial Corporation will post $3.68 earnings per share for the current year.
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UMB Financial Corporation declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 25th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.
In other news, Director Kris A. Robbins sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $73.86, for a total value of $36,930.00. Following the completion of the sale, the director now directly owns 4,160 shares in the company, valued at $307,257.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman J Mariner Kemper sold 3,437 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $72.70, for a total value of $249,869.90. Following the completion of the sale, the chairman now owns 207,467 shares of the company’s stock, valued at $15,082,850.90. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 2,185 shares of company stock valued at $154,530 and have sold 44,094 shares valued at $3,285,798. 10.09% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund boosted its stake in UMB Financial Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 32,029 shares of the bank’s stock worth $2,398,000 after buying an additional 294 shares during the period. World Asset Management Inc raised its stake in shares of UMB Financial Corporation by 1.6% in the second quarter. World Asset Management Inc now owns 2,769 shares of the bank’s stock worth $207,000 after buying an additional 43 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of UMB Financial Corporation by 0.6% in the second quarter. Great West Life Assurance Co. Can now owns 25,465 shares of the bank’s stock worth $1,905,000 after buying an additional 157 shares in the last quarter. Bowling Portfolio Management LLC purchased a new stake in shares of UMB Financial Corporation during the second quarter worth about $664,000. Finally, Kwmg LLC purchased a new stake in shares of UMB Financial Corporation during the second quarter worth about $1,180,000. Institutional investors and hedge funds own 82.04% of the company’s stock.
UMB Financial Corporation Company Profile
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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