A number of other research analysts have also issued reports on UMBF. Stephens reaffirmed a buy rating and set a $75.00 target price on shares of UMB Financial in a report on Monday, September 16th. Zacks Investment Research lowered UMB Financial from a buy rating to a hold rating and set a $69.00 target price on the stock. in a report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. UMB Financial presently has a consensus rating of Hold and a consensus price target of $71.25.
Shares of UMBF opened at $65.91 on Friday. The stock’s fifty day moving average is $63.84 and its 200-day moving average is $65.24. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 2.64 and a beta of 0.94. UMB Financial has a one year low of $57.00 and a one year high of $73.29. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, September 9th. UMB Financial’s payout ratio is currently 29.78%.
In related news, Chairman J Mariner Kemper sold 3,145 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $65.64, for a total value of $206,437.80. Following the completion of the transaction, the chairman now owns 188,862 shares in the company, valued at approximately $12,396,901.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kris A. Robbins sold 800 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $62.57, for a total value of $50,056.00. Following the completion of the transaction, the director now owns 4,796 shares of the company’s stock, valued at approximately $300,085.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,257 shares of company stock worth $276,615. 10.45% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in UMBF. Nuveen Asset Management LLC acquired a new position in shares of UMB Financial in the 2nd quarter valued at $18,455,000. Heartland Advisors Inc. acquired a new position in shares of UMB Financial in the 2nd quarter valued at $13,473,000. Citadel Advisors LLC boosted its position in shares of UMB Financial by 1,614.9% in the 2nd quarter. Citadel Advisors LLC now owns 133,828 shares of the bank’s stock valued at $8,808,000 after purchasing an additional 126,024 shares during the period. Nuance Investments LLC boosted its position in shares of UMB Financial by 17.8% in the 2nd quarter. Nuance Investments LLC now owns 830,260 shares of the bank’s stock valued at $54,648,000 after purchasing an additional 125,385 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of UMB Financial by 7.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,381,889 shares of the bank’s stock valued at $90,957,000 after purchasing an additional 93,230 shares during the period. Institutional investors and hedge funds own 85.60% 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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