A number of research firms have changed their ratings and price targets for UMB Financial Corp. (NASDAQ: UMBF):
UMB Financial Corp. (NASDAQ:UMBF) opened at 73.02 on Thursday. UMB Financial Corp. has a 52-week low of $40.72 and a 52-week high of $81.11. The stock has a 50 day moving average of $76.86 and a 200-day moving average of $64.38. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 24.66 and a beta of 0.81.
UMB Financial Corp. (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. UMB Financial Corp. had a return on equity of 7.65% and a net margin of 14.87%. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, analysts forecast that UMB Financial Corp. will post $3.20 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th were given a dividend of $0.255 per share. The ex-dividend date was Wednesday, December 7th. This represents a $1.02 dividend on an annualized basis and a yield of 1.40%. This is an increase from UMB Financial Corp.’s previous quarterly dividend of $0.25. UMB Financial Corp.’s dividend payout ratio is 34.58%.
In other UMB Financial Corp. news, insider Kevin M. Macke sold 1,278 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $69.77, for a total transaction of $89,166.06. Following the completion of the transaction, the insider now owns 8,946 shares of the company’s stock, valued at approximately $624,162.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 10.32% of the company’s stock.