Several other brokerages have also issued reports on UMBF. Raymond James decreased their price target on shares of Petrus Resources from C$1.25 to C$1.00 and set an outperform rating for the company in a research note on Friday, March 15th. Stephens reiterated a buy rating and issued a $34.00 price target on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded shares of GCP Applied Technologies from a sell rating to a hold rating in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $71.00.
Shares of NASDAQ:UMBF traded up $0.29 on Friday, hitting $64.46. The company had a trading volume of 104,781 shares, compared to its average volume of 185,099. The stock’s 50-day moving average is $63.92. UMB Financial has a 1 year low of $57.00 and a 1 year high of $80.39. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.91 and a beta of 0.94.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. UMB Financial’s payout ratio is 29.78%.
In related news, Chairman J Mariner Kemper sold 3,999 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $71.22, for a total value of $284,808.78. Following the completion of the transaction, the chairman now directly owns 188,711 shares in the company, valued at approximately $13,439,997.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James Cornelius sold 800 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $69.38, for a total transaction of $55,504.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,599 shares of company stock valued at $961,167. 10.45% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in UMBF. Quadrant Capital Group LLC increased its stake in UMB Financial by 1,700.0% during the 1st quarter. Quadrant Capital Group LLC now owns 468 shares of the bank’s stock valued at $29,000 after purchasing an additional 442 shares in the last quarter. Toronto Dominion Bank bought a new stake in UMB Financial during the 4th quarter valued at about $33,000. Manchester Capital Management LLC bought a new stake in UMB Financial during the 1st quarter valued at about $33,000. Magnus Financial Group LLC bought a new stake in UMB Financial during the 1st quarter valued at about $203,000. Finally, Advisor Group Inc. increased its stake in UMB Financial by 5.9% during the 4th quarter. Advisor Group Inc. now owns 3,432 shares of the bank’s stock valued at $210,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 87.46% 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.
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