UMB Financial Corp (UMBF) Given Average Recommendation of “Hold” by Analysts
UMB Financial Corp (NASDAQ:UMBF) has earned an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $74.50.
Several equities analysts have recently commented on the stock. Stephens restated a “hold” rating and issued a $80.00 target price on shares of UMB Financial in a research report on Wednesday, October 24th. Bank of America cut shares of UMB Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, January 10th. BidaskClub cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Raymond James cut shares of UMB Financial from an “outperform” rating to a “mkt perform” rating in a research report on Monday, January 7th. Finally, Zacks Investment Research raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, October 26th.
In related news, VP Jennifer M. Payne sold 539 shares of UMB Financial stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $64.99, for a total transaction of $35,029.61. Following the sale, the vice president now directly owns 9,338 shares of the company’s stock, valued at approximately $606,876.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shannon Andresen Johnson sold 470 shares of UMB Financial stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $65.34, for a total transaction of $30,709.80. Following the sale, the executive vice president now directly owns 10,135 shares in the company, valued at $662,220.90. The disclosure for this sale can be found here. Insiders have sold a total of 2,611 shares of company stock worth $170,238 over the last ninety days. 10.26% of the stock is currently owned by insiders.
Shares of NASDAQ:UMBF opened at $68.44 on Tuesday. The company has a market capitalization of $3.40 billion, a PE ratio of 18.25, a PEG ratio of 2.20 and a beta of 0.90. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. UMB Financial has a 12 month low of $57.00 and a 12 month high of $82.14.
About UMB Financial
UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.
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