BidaskClub upgraded shares of UMB Financial (NASDAQ:UMBF) from a sell rating to a hold rating in a research note released on Wednesday.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of UMB Financial from a buy rating to a hold rating in a research report on Friday, October 20th. Wells Fargo & Co boosted their price objective on shares of UMB Financial from $71.00 to $75.00 and gave the company a market perform rating in a report on Thursday, January 25th. Finally, Piper Jaffray Companies boosted their price objective on shares of UMB Financial from $78.00 to $79.00 and gave the company a neutral rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $77.83.
Shares of UMB Financial (NASDAQ:UMBF) traded up $1.76 during trading hours on Wednesday, hitting $76.15. 166,300 shares of the stock traded hands, compared to its average volume of 260,608. UMB Financial has a 12 month low of $62.27 and a 12 month high of $81.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $3,709.63, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.47 and a beta of 0.87.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.52%. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. UMB Financial’s payout ratio is currently 22.13%.
In related news, Chairman J Mariner Kemper sold 5,451 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $77.02, for a total transaction of $419,836.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christian R. Swett sold 1,862 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were 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. In the last 90 days, insiders have sold 8,645 shares of company stock valued at $657,259. Corporate insiders own 10.09% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of UMBF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of UMB Financial in the third quarter valued at approximately $144,000. PNC Financial Services Group Inc. boosted its holdings in shares of UMB Financial by 6.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock valued at $152,000 after buying an additional 129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of UMB Financial by 50.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock valued at $173,000 after buying an additional 807 shares during the period. Zeke Capital Advisors LLC acquired a new position in shares of UMB Financial in the fourth quarter valued at approximately $202,000. Finally, Advisor Group Inc. boosted its holdings in shares of UMB Financial by 137.6% in the fourth quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock valued at $209,000 after buying an additional 1,675 shares during the period. Hedge funds and other institutional investors own 82.88% of the company’s stock.
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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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