UMB Financial Corp (NASDAQ:UMBF) Director Timothy R. Murphy bought 1,500 shares of UMB Financial stock in a transaction on Wednesday, March 14th. The stock was purchased at an average price of $76.23 per share, for a total transaction of $114,345.00. Following the completion of the acquisition, the director now owns 6,135 shares in the company, valued at approximately $467,671.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of UMB Financial Corp (NASDAQ:UMBF) traded down $0.91 during mid-day trading on Wednesday, hitting $75.94. 186,489 shares of the stock traded hands, compared to its average volume of 238,660. The stock has a market cap of $3,849.22, a price-to-earnings ratio of 15.28, a P/E/G ratio of 1.52 and a beta of 0.88. UMB Financial Corp has a 1-year low of $62.27 and a 1-year high of $80.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The business had revenue of $252.38 million for the quarter, compared to analyst estimates of $254.98 million. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. equities analysts expect that UMB Financial Corp will post 4.51 earnings per share for the current year.
UMBF has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Thursday, November 30th. BidaskClub lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Piper Jaffray Companies upped their target price on shares of UMB Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Co upped their target price on shares of UMB Financial from $71.00 to $75.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $78.00.
Several hedge funds have recently made changes to their positions in UMBF. Carillon Tower Advisers Inc. purchased a new position in shares of UMB Financial during the 4th quarter worth about $49,685,000. Nuance Investments LLC lifted its holdings in shares of UMB Financial by 1,227.7% during the 3rd quarter. Nuance Investments LLC now owns 550,158 shares of the bank’s stock worth $40,981,000 after acquiring an additional 508,722 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of UMB Financial by 26.1% during the 4th quarter. Champlain Investment Partners LLC now owns 1,073,955 shares of the bank’s stock worth $77,239,000 after acquiring an additional 222,205 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of UMB Financial by 14.2% during the 3rd quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock worth $71,101,000 after acquiring an additional 118,896 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of UMB Financial by 130.2% during the 4th quarter. Millennium Management LLC now owns 175,733 shares of the bank’s stock worth $12,639,000 after acquiring an additional 99,395 shares during the period. Institutional investors and hedge funds own 85.08% of the company’s stock.
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UMB Financial 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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