UMB Financial (NASDAQ:UMBF) Shares Gap Down to $83.17

Shares of UMB Financial Co. (NASDAQ:UMBF) gapped down before the market opened on Monday . The stock had previously closed at $83.17, but opened at $76.28. UMB Financial shares last traded at $78.26, with a volume of 307,352 shares trading hands.

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on UMB Financial from $86.00 to $93.00 and gave the stock a “market perform” rating in a research note on Tuesday. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Raymond James boosted their target price on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. Wells Fargo & Company upped their target price on shares of UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Barclays upgraded shares of UMB Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $91.00 to $95.00 in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

UMB Financial Stock Up 2.5 %

The business’s fifty day simple moving average is $81.82 and its 200 day simple moving average is $77.95. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 10.58 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.53. The firm had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a return on equity of 14.59% and a net margin of 14.59%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 earnings per share. Equities analysts forecast that UMB Financial Co. will post 7.41 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, June 10th. UMB Financial’s payout ratio is 20.72%.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 11,170 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the transaction, the chief executive officer now owns 1,738,604 shares of the company’s stock, valued at approximately $148,268,149.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Kevin Charles Gallagher sold 625 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $80.21, for a total value of $50,131.25. Following the completion of the transaction, the director now owns 12,859 shares in the company, valued at $1,031,420.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 11,170 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $85.28, for a total transaction of $952,577.60. Following the sale, the chief executive officer now owns 1,738,604 shares in the company, valued at $148,268,149.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,277 shares of company stock worth $2,264,661. Company insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of UMB Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,807 shares of the bank’s stock worth $360,168,000 after buying an additional 44,150 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of UMB Financial by 73.5% in the third quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after purchasing an additional 1,095,630 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of UMB Financial by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock worth $166,875,000 after purchasing an additional 265,399 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in UMB Financial by 3.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,905,072 shares of the bank’s stock worth $165,722,000 after purchasing an additional 63,022 shares during the last quarter. Finally, American Century Companies Inc. grew its position in UMB Financial by 4.3% in the third quarter. American Century Companies Inc. now owns 1,817,350 shares of the bank’s stock valued at $112,767,000 after purchasing an additional 75,140 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.