UMB Financial Corporation (NASDAQ:UMBF) shares traded 0.48% higher at $71.00 on Wall Street last session.
In accordance with the data, 5 analysts cover UMB Financial Corporation (NASDAQ:UMBF). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $82.00 and a low of $74.00, we find $75.00. Given the previous closing price of $70.66, this indicates a potential upside of 6.14 percent. UMBF stock price is now 12.84% away from the 50-day moving average and -3.68% away from the 200-day moving average. The market capitalization of the company currently stands at $3.42B.
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It has been rated a hold by 4 analysts and a buy by 0. Brokers who have rated the stock have averaged $76.80 as their price target over the next twelve months.
With the price target maintained at $94, Janney recently Downgraded its rating from Buy to Neutral for UMB Financial Corporation (NASDAQ: UMBF).
In other news, GRAVES GREG M, Director bought 404 shares of the company’s stock on Jun 01. The stock was bought for $23,250 at an average price of $57.50. Upon completion of the transaction, the Director now directly owns 32,710 shares in the company, valued at $2.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director Peterman Tamara bought 307 shares of the business’s stock. A total of $17,625 was incurred on buying the stock at an average price of $57.50. This leaves the insider owning 5,313 shares of the company worth $0.38 million. Insiders disposed of 85,479 shares of company stock worth roughly $6.07 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 CUBIST SYSTEMATIC STRATEGIES, LLC during the first quarter worth $8,355,000. WEISS MULTI-STRATEGY ADVISERS LLC invested $6,106,000 in shares of UMBF during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in UMB Financial Corporation valued at approximately $4,573,000. TWINBEECH CAPITAL LP acquired a new stake in UMBF for approximately $4,244,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in UMBF valued at around $2,896,000 in the second quarter. In total, there are 359 active investors with 91.30% ownership of the company’s stock.
UMB Financial Corporation (NASDAQ: UMBF) opened at $70.56 on Monday. During the past 12 months, UMB Financial Corporation has had a low of $50.68 and a high of $99.19. The fifty day moving average price for UMBF is $63.16 and a two-hundred day moving average price translates $73.63 for the stock.
The latest earnings results from UMB Financial Corporation (NASDAQ: UMBF) was released for Jun, 2023. According to the Banks – Regional Company, earnings per share came in at $1.85, missing analysts’ expectations of $1.92 by -0.07. This compares to $2.83 EPS in the same period last year. The net profit margin was 28.10% and return on equity was 16.20% for UMBF. The company reported revenue of $461.38 million for the quarter, compared to $248.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 85.61 percent. For the current quarter, analysts expect UMBF to generate $363.98M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/02/2023. Investors who held shares on 09/11/2023 were paid a $0.38 dividend. On an annualized basis, this represents a $1.52 dividend and a 2.14% percent yield. There was an ex-dividend date of 09/08/2023 for this dividend. In terms of dividend payout ratio, UMBF is presently at 16.60%.
