UMB Financial Co. (NASDAQ:UMBF) Director L Joshua Sosland bought 520 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were purchased at an average price of $77.48 per share, with a total value of $40,289.60. Following the acquisition, the director now directly owns 6,850 shares in the company, valued at approximately $530,738. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ:UMBF traded up $0.21 during trading on Thursday, reaching $78.02. 175,652 shares of the stock were exchanged, compared to its average volume of 222,829. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.67 and a current ratio of 0.67. UMB Financial Co. has a 12-month low of $62.27 and a 12-month high of $80.60. The stock has a market capitalization of $3.91 billion, a P/E ratio of 20.70, a PEG ratio of 1.59 and a beta of 0.82.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, April 24th. The bank reported $1.18 EPS for the quarter, topping the consensus estimate of $1.05 by $0.13. The firm had revenue of $253.45 million for the quarter, compared to analyst estimates of $257.41 million. UMB Financial had a return on equity of 9.56% and a net margin of 24.36%. During the same period in the previous year, the company posted $0.89 EPS. analysts predict that UMB Financial Co. will post 4.73 earnings per share for the current year.
A number of brokerages have recently issued reports on UMBF. Stephens reiterated a “hold” rating and set a $85.00 target price on shares of UMB Financial in a report on Wednesday, May 23rd. BidaskClub cut UMB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research cut UMB Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $81.25.
Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in UMB Financial by 50.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock worth $173,000 after acquiring an additional 807 shares in the last quarter. Zeke Capital Advisors LLC acquired a new position in UMB Financial during the 4th quarter worth approximately $202,000. Advisor Group Inc. lifted its position in UMB Financial by 137.6% during the 4th quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock worth $209,000 after acquiring an additional 1,675 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in UMB Financial during the 1st quarter worth approximately $218,000. Finally, Tyers Asset Management LLC lifted its position in UMB Financial by 31.3% during the 4th quarter. Tyers Asset Management LLC now owns 3,088 shares of the bank’s stock worth $222,000 after acquiring an additional 736 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.
UMB Financial Company Profile
UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.
Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.