Brokerages Set UMB Financial Corp (UMBF) PT at $70.00

UMB Financial Corp (NASDAQ:UMBF) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $70.00.

Several equities research analysts recently weighed in on UMBF shares. BidaskClub upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Stephens upgraded UMB Financial from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 19th. Zacks Investment Research cut UMB Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. ValuEngine upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Raymond James cut UMB Financial from an “outperform” rating to a “mkt perform” rating in a research note on Monday, January 7th.

In other news, Director Timothy R. Murphy acquired 4,000 shares of UMB Financial stock in a transaction on Friday, February 1st. The stock was bought at an average price of $64.63 per share, for a total transaction of $258,520.00. Following the completion of the purchase, the director now owns 12,635 shares in the company, valued at $816,600.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.26% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in UMBF. American Century Companies Inc. raised its stake in shares of UMB Financial by 31.8% during the third quarter. American Century Companies Inc. now owns 2,583,023 shares of the bank’s stock worth $183,136,000 after purchasing an additional 623,116 shares during the last quarter. BlackRock Inc. raised its stake in shares of UMB Financial by 3.2% during the fourth quarter. BlackRock Inc. now owns 5,364,714 shares of the bank’s stock worth $327,087,000 after purchasing an additional 164,038 shares during the last quarter. Nuance Investments LLC raised its stake in shares of UMB Financial by 24.3% during the third quarter. Nuance Investments LLC now owns 795,488 shares of the bank’s stock worth $56,381,000 after purchasing an additional 155,454 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of UMB Financial by 11.6% during the third quarter. Wells Fargo & Company MN now owns 1,207,636 shares of the bank’s stock worth $85,621,000 after purchasing an additional 125,464 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of UMB Financial by 5,118.4% during the third quarter. PNC Financial Services Group Inc. now owns 115,274 shares of the bank’s stock worth $8,172,000 after purchasing an additional 113,065 shares during the last quarter. Institutional investors and hedge funds own 87.66% of the company’s stock.

UMBF stock traded up $0.04 during trading on Friday, hitting $69.04. 5,319 shares of the company’s stock were exchanged, compared to its average volume of 306,190. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.98 and a beta of 0.85. UMB Financial has a 52-week low of $57.00 and a 52-week high of $82.14. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.04.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 29th. The bank reported $0.56 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.55). The business had revenue of $256.81 million for the quarter, compared to analysts’ expectations of $261.28 million. UMB Financial had a return on equity of 9.12% and a net margin of 17.25%. As a group, sell-side analysts anticipate that UMB Financial will post 4.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, March 8th. UMB Financial’s dividend payout ratio is currently 29.78%.

UMB Financial Company Profile

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.

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