UMB Financial Corporation (UMBF) Given a $71.00 Price Target by Stephens Analysts
A number of other equities analysts also recently issued reports on UMBF. Keefe, Bruyette & Woods set a $75.00 price objective on shares of UMB Financial Corporation and gave the company a hold rating in a research note on Tuesday, April 4th. FBR & Co restated a hold rating and issued a $82.00 target price (up from $80.00) on shares of UMB Financial Corporation in a research note on Friday, April 21st. Zacks Investment Research downgraded shares of UMB Financial Corporation from a buy rating to a hold rating in a research note on Saturday, April 29th. Finally, BidaskClub upgraded shares of UMB Financial Corporation from a strong sell rating to a sell rating in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $78.20.
UMB Financial Corporation (UMBF) opened at 70.03 on Wednesday. UMB Financial Corporation has a one year low of $54.12 and a one year high of $81.55. The company has a 50-day moving average of $73.92 and a 200-day moving average of $74.62. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 20.23 and a beta of 0.87.
UMB Financial Corporation (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.02. UMB Financial Corporation had a net margin of 16.59% and a return on equity of 8.81%. The business had revenue of $247.70 million for the quarter, compared to the consensus estimate of $261.84 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. UMB Financial Corporation’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts forecast that UMB Financial Corporation will post $3.68 EPS for the current fiscal year.
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UMB Financial Corporation announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 25th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Kris A. Robbins sold 500 shares of UMB Financial Corporation stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $73.86, for a total transaction of $36,930.00. Following the completion of the sale, the director now directly owns 4,160 shares in the company, valued at $307,257.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman J Mariner Kemper sold 3,437 shares of UMB Financial Corporation stock in a transaction on Monday, May 1st. The stock was sold at an average price of $72.70, for a total transaction of $249,869.90. Following the sale, the chairman now owns 207,467 shares of the company’s stock, valued at $15,082,850.90. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 2,185 shares of company stock valued at $154,530 and sold 44,094 shares valued at $3,285,798. 10.09% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. Tyers Asset Management LLC increased its stake in UMB Financial Corporation by 11.1% in the first quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock valued at $108,000 after buying an additional 144 shares during the last quarter. Invictus RG bought a new stake in UMB Financial Corporation during the first quarter valued at approximately $111,000. PNC Financial Services Group Inc. increased its stake in UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock valued at $143,000 after buying an additional 330 shares during the last quarter. Elkfork Partners LLC increased its stake in UMB Financial Corporation by 11.1% in the first quarter. Elkfork Partners LLC now owns 1,980 shares of the bank’s stock valued at $149,000 after buying an additional 198 shares during the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in UMB Financial Corporation by 11.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,520 shares of the bank’s stock valued at $190,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 82.04% of the company’s stock.
UMB Financial Corporation Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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