In yesterday’s Wall Street session, UMB Financial Corporation (NASDAQ:UMBF) shares traded at $85.35, down -1.41% from the previous session.
5 analysts cover UMB Financial Corporation (NASDAQ:UMBF), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $101.00 and a low of $86.00, we find $90.00. Given the previous closing price of $86.57, this indicates a potential upside of 3.96 percent. UMBF stock price is now 2.77% away from the 50-day moving average and -2.99% away from the 200-day moving average. The market capitalization of the company currently stands at $4.01B.
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The stock has received a hold rating from 3 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $91.20 as their price target over the next twelve months.
With the price target reduced from $115 to $110, Wells Fargo Downgraded its rating from Overweight to Equal Weight for UMB Financial Corporation (NASDAQ: UMBF). On December 21, 2021, Janney Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $115, while ‘Wells Fargo’ rates the stock as ‘Overweight’.
In other news, Johnson Shannon Andresen, Chief Administrative Officer sold 834 shares of the company’s stock on Dec 14. The stock was sold for $67,429 at an average price of $80.85. Upon completion of the transaction, the Chief Administrative Officer now directly owns 12,562 shares in the company, valued at $1.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30, Chairman and CEO KEMPER J MARINER sold 199 shares of the business’s stock. A total of $16,351 was realized by selling the stock at an average price of $82.17. This leaves the insider owning 209,655 shares of the company worth $17.89 million. Insiders disposed of 73,656 shares of company stock worth roughly $6.29 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UMBF stock. A new stake in UMB Financial Corporation shares was purchased by GLOBEFLEX CAPITAL L P during the first quarter worth $2,400,000. AMALGAMATED FINANCIAL CORP. invested $2,353,000 in shares of UMBF during the first quarter. In the first quarter, MERCER GLOBAL ADVISORS INC /ADV acquired a new stake in UMB Financial Corporation valued at approximately $2,265,000. ASSENAGON ASSET MANAGEMENT S.A. acquired a new stake in UMBF for approximately $1,865,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in UMBF valued at around $1,559,000 in the second quarter. In total, there are 365 active investors with 91.30% ownership of the company’s stock.
On Tuesday morning UMB Financial Corporation (NASDAQ: UMBF) stock kicked off with the opening price of $86.75. During the past 12 months, UMB Financial Corporation has had a low of $76.97 and a high of $106.08. The fifty day moving average price for UMBF is $83.05 and a two-hundred day moving average price translates $87.98 for the stock.
The latest earnings results from UMB Financial Corporation (NASDAQ: UMBF) was released for Sep, 2022. According to the Banks – Regional Company, earnings per share came in at $1.81, missing analysts’ expectations of $2.15 by -0.34. This compares to $1.94 EPS in the same period last year. The net profit margin was 41.30% and return on equity was 14.80% for UMBF. The company reported revenue of $300.34 million for the quarter, compared to $221.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.7 percent. For the current quarter, analysts expect UMBF to generate $374.83M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/03/2023. Investors who held shares on 12/12/2022 were paid a $0.38 dividend. On an annualized basis, this represents a $1.52 dividend and a 1.78% percent yield. There was an ex-dividend date of 12/09/2022 for this dividend. In terms of dividend payout ratio, UMBF is presently at 17.50%.
UMB Financial Corporation(UMBF) Company Profile
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. 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, accounts receivable financing, 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. The Institutional Banking segment offers asset management and healthcare service provided to institutional client; and fund administration and accounting, investor service and transfer agency, marketing and distribution, custody, alternative investment service, fixed income sale, trading and underwriting, and corporate trust and escrow service, as well as institutional custody service. This segment also provides healthcare payment solution includes custodial service for health saving accounts and private label, multipurpose debit cards to insurance carriers, third-party administrator, software companies, employers, and financial institutions. The Personal Banking segment offers deposit account, retail credit card, private banking, installment loan, home equity line of credit, residential mortgage, and small business loan, as well as internet banking, ATM network, private banking, brokerage and insurance service, and advisory and trust service. It operates through a network of branches and offices in the states of Missouri, Kansas, Colorado, Illinois, Oklahoma, Texas, Arizona, Nebraska, Iowa, Pennsylvania, South Dakota, Indiana, Utah, Minnesota, California, and Wisconsin. The company was founded in 1913 and is headquartered in Kansas City, Missouri.
