Several other research analysts also recently weighed in on UMBF. Wells Fargo & Co upgraded UMB Financial from an underweight rating to an equal weight rating and set a $52.00 target price on the stock in a research note on Thursday, July 30th. ValuEngine downgraded UMB Financial from a hold rating to a sell rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. UMB Financial has an average rating of Hold and a consensus price target of $66.50.
UMBF traded down $0.05 during trading on Thursday, hitting $52.55. 2,709 shares of the stock were exchanged, compared to its average volume of 239,797. The firm has a market capitalization of $2.56 billion, a P/E ratio of 13.81, a PEG ratio of 3.57 and a beta of 1.01. UMB Financial has a 1-year low of $39.47 and a 1-year high of $70.26. The stock has a fifty day moving average price of $49.58 and a two-hundred day moving average price of $51.95. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.03.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.33 EPS for the quarter, topping the consensus estimate of $0.37 by $0.96. UMB Financial had a return on equity of 7.22% and a net margin of 14.62%. The company had revenue of $298.69 million for the quarter, compared to analyst estimates of $282.63 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. Analysts predict that UMB Financial will post 3.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.36%. UMB Financial’s dividend payout ratio (DPR) is presently 24.85%.
Institutional investors have recently bought and sold shares of the stock. Royal Fund Management LLC purchased a new stake in shares of UMB Financial in the first quarter valued at approximately $36,000. Pearl River Capital LLC purchased a new stake in shares of UMB Financial in the first quarter valued at approximately $46,000. Captrust Financial Advisors boosted its stake in shares of UMB Financial by 11.8% in the second quarter. Captrust Financial Advisors now owns 2,490 shares of the bank’s stock valued at $121,000 after buying an additional 262 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of UMB Financial in the first quarter valued at approximately $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UMB Financial by 19.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,479 shares of the bank’s stock valued at $161,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.
UMB Financial Company Profile
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
See Also: Retained Earnings
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