UMB Financial (NASDAQ:UMBF) had its target price raised by Raymond James from $65.00 to $66.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. Raymond James currently has an outperform rating on the bank’s stock.
UMBF has been the subject of several other reports. BidaskClub downgraded UMB Financial from a hold rating to a sell rating in a report on Thursday. ValuEngine downgraded shares of UMB Financial from a hold rating to a sell rating in a report on Monday, August 3rd. Finally, Wells Fargo & Co upgraded shares of UMB Financial from an underweight rating to an equal weight rating and set a $52.00 target price for the company in a report on Thursday, July 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $66.50.
Shares of NASDAQ:UMBF traded down $0.05 during trading on Thursday, hitting $52.55. The company’s stock had a trading volume of 2,709 shares, compared to its average volume of 239,797. The company has a 50-day moving average of $49.58 and a 200-day moving average of $51.95. UMB Financial has a 12 month low of $39.47 and a 12 month high of $70.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 3.57 and a beta of 1.01.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.96. UMB Financial had a net margin of 14.62% and a return on equity of 7.22%. The firm had revenue of $298.69 million for the quarter, compared to analysts’ expectations of $282.63 million. During the same quarter last year, the business posted $1.17 earnings per share. As a group, research analysts anticipate that UMB Financial will post 3.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.36%. UMB Financial’s payout ratio is 24.85%.
Several hedge funds have recently modified their holdings of the company. Captrust Financial Advisors grew its stake in shares of UMB Financial by 11.8% during the second quarter. Captrust Financial Advisors now owns 2,490 shares of the bank’s stock worth $121,000 after acquiring an additional 262 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of UMB Financial by 1.8% during the first quarter. Nisa Investment Advisors LLC now owns 17,325 shares of the bank’s stock worth $804,000 after acquiring an additional 300 shares during the last quarter. Diversified Trust Co grew its stake in shares of UMB Financial by 4.8% during the second quarter. Diversified Trust Co now owns 8,650 shares of the bank’s stock worth $446,000 after acquiring an additional 400 shares during the last quarter. Financial Counselors Inc. grew its stake in shares of UMB Financial by 0.9% during the second quarter. Financial Counselors Inc. now owns 49,783 shares of the bank’s stock worth $2,566,000 after acquiring an additional 423 shares during the last quarter. Finally, Tandem Investment Advisors Inc. grew its stake in shares of UMB Financial by 6.3% during the second quarter. Tandem Investment Advisors Inc. now owns 7,468 shares of the bank’s stock worth $385,000 after acquiring an additional 441 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.
About UMB Financial
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.
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