The stock of UMB Financial Corporation (NASDAQ:UMBF) last traded at $64.13, down -1.46% from the previous session.
UMBF stock price is now -26.41% away from the 50-day moving average and -26.63% away from the 200-day moving average. The market capitalization of the company currently stands at $3.22B.
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With the price target maintained at $94, Janney recently Downgraded its rating from Buy to Neutral for UMB Financial Corporation (NASDAQ: UMBF). On January 04, 2022, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $115 to quote $110, while ‘Janney’ rates the stock as ‘Buy’.
In other news, Murphy Timothy R., Director bought 1,900 shares of the company’s stock on Mar 13. The stock was bought for $101,997 at an average price of $53.68. Upon completion of the transaction, the Director now directly owns 23,406 shares in the company, valued at $1.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, Director SOSLAND L JOSHUA bought 1,000 shares of the business’s stock. A total of $57,550 was incurred on buying the stock at an average price of $57.55. This leaves the insider owning 12,241 shares of the company worth $0.79 million. Insiders disposed of 102,703 shares of company stock worth roughly $6.59 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 WEALTHPLAN PARTNERS, LLC during the first quarter worth $6,458,000. WEALTHPLAN INVESTMENT MANAGEMENT, LLC invested $5,720,000 in shares of UMBF during the first quarter. In the first quarter, AGF MANAGEMENT LTD acquired a new stake in UMB Financial Corporation valued at approximately $2,619,000. ERGOTELES LLC acquired a new stake in UMBF for approximately $2,376,000. CITADEL ADVISORS LLC purchased a new stake in UMBF valued at around $1,962,000 in the second quarter. In total, there are 371 active investors with 91.30% ownership of the company’s stock.
With an opening price of $71.99 on Tuesday morning, UMB Financial Corporation (NASDAQ: UMBF) set off the trading day. During the past 12 months, UMB Financial Corporation has had a low of $51.28 and a high of $102.95. The fifty day moving average price for UMBF is $86.74 and a two-hundred day moving average price translates $87.28 for the stock.
The latest earnings results from UMB Financial Corporation (NASDAQ: UMBF) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $2.06, beating analysts’ expectations of $1.99 by 0.07. This compares to $1.60 EPS in the same period last year. The net profit margin was 37.90% and return on equity was 16.30% for UMBF. The company reported revenue of $366.81 million for the quarter, compared to $221.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 65.54 percent. For the current quarter, analysts expect UMBF to generate $376.37M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/03/2023. Investors who held shares on 03/10/2023 were paid a $0.38 dividend. On an annualized basis, this represents a $1.52 dividend and a 2.37% percent yield. There was an ex-dividend date of 03/09/2023 for this dividend. In terms of dividend payout ratio, UMBF is presently at 16.60%.
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.
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