UMB Financial (NASDAQ:UMBF) Given Maintains Rating at Raymond James

Raymond James reaffirmed their maintains rating on shares of UMB Financial (NASDAQ:UMBFGet Rating) in a research report report published on Thursday, Benzinga reports.

Several other research analysts have also issued reports on the stock. StockNews.com raised shares of UMB Financial from a sell rating to a hold rating in a research note on Sunday, May 1st. Wells Fargo & Company reduced their target price on shares of UMB Financial from $110.00 to $100.00 in a research note on Thursday, April 28th.

UMB Financial Trading Up 0.7 %

Shares of UMB Financial stock opened at $90.50 on Thursday. The stock has a market capitalization of $4.38 billion, a P/E ratio of 12.05 and a beta of 0.92. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $88.43 and a 200 day simple moving average of $94.46. UMB Financial has a 12-month low of $81.57 and a 12-month high of $112.24.

UMB Financial (NASDAQ:UMBFGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The bank reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.95. UMB Financial had a net margin of 26.95% and a return on equity of 12.16%. During the same quarter last year, the company posted $1.80 EPS. Research analysts expect that UMB Financial will post 8.21 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, September 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.64%. UMB Financial’s dividend payout ratio is 19.71%.

Institutional Trading of UMB Financial

A number of hedge funds have recently modified their holdings of UMBF. Squarepoint Ops LLC raised its holdings in UMB Financial by 1,676.3% during the 4th quarter. Squarepoint Ops LLC now owns 52,578 shares of the bank’s stock worth $5,579,000 after buying an additional 49,618 shares during the period. Teacher Retirement System of Texas raised its holdings in UMB Financial by 20.3% during the 4th quarter. Teacher Retirement System of Texas now owns 8,835 shares of the bank’s stock worth $937,000 after buying an additional 1,490 shares during the period. CWM LLC acquired a new stake in UMB Financial during the 1st quarter worth approximately $54,000. CTC Capital Management LLC acquired a new stake in UMB Financial during the 4th quarter worth approximately $340,000. Finally, US Asset Management LLC acquired a new stake in UMB Financial during the 1st quarter worth approximately $125,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

About UMB Financial

(Get Rating)

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.

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