UMB Monetary Corp (NASDAQ:UMBF) was the recipient of a big lower in brief curiosity within the month of October. As of October 31st, there was quick curiosity totalling 1,140,000 shares, a lower of 13.6% from the September 30th whole of 1,320,000 shares. Based mostly on a median each day buying and selling quantity, of 184,500 shares, the short-interest ratio is presently 6.2 days. At the moment, 2.6% of the shares of the corporate are quick bought.
A number of analysis corporations have issued stories on UMBF. Stephens restated a “purchase” ranking and issued a $75.00 value goal on shares of UMB Monetary in a analysis notice on Monday, September 16th. BidaskClub lowered UMB Monetary from a “purchase” ranking to a “maintain” ranking in a analysis notice on Saturday. Zacks Investment Research lowered UMB Monetary from a “maintain” ranking to a “promote” ranking and set a $71.00 value goal on the inventory. in a analysis notice on Sunday, November third. Lastly, ValuEngine lowered UMB Monetary from a “maintain” ranking to a “promote” ranking in a analysis notice on Friday, October 25th. Two equities analysis analysts have rated the inventory with a promote ranking, two have assigned a maintain ranking and two have given a purchase ranking to the inventory. The inventory has a consensus ranking of “Maintain” and a median goal value of $72.33.
In different UMB Monetary information, Director Kris A. Robbins bought 800 shares of the corporate’s inventory in a transaction that occurred on Monday, September ninth. The inventory was bought at a median value of $62.57, for a complete worth of $50,056.00. Following the sale, the director now owns four,796 shares within the firm, valued at $300,085.72. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is out there by this link. Additionally, CEO J Mariner Kemper bought 6,600 shares of the corporate’s inventory in a transaction that occurred on Wednesday, November sixth. The shares had been bought at a median value of $66.95, for a complete worth of $441,870.00. The disclosure for this sale might be discovered here. Insiders bought 13,172 shares of firm inventory price $872,516 within the final 90 days. Company insiders personal 10.45% of the corporate’s inventory.
Hedge funds and different institutional buyers have not too long ago added to or decreased their stakes within the enterprise. Nuveen Asset Administration LLC purchased a brand new place in shares of UMB Monetary within the 2nd quarter valued at $18,455,000. Heartland Advisors Inc. purchased a brand new place in shares of UMB Monetary within the 2nd quarter valued at $13,473,000. Citadel Advisors LLC lifted its stake in shares of UMB Monetary by 1,614.9% within the 2nd quarter. Citadel Advisors LLC now owns 133,828 shares of the financial institution’s inventory valued at $eight,808,000 after buying a further 126,zero24 shares over the last quarter. Nuance Investments LLC lifted its stake in shares of UMB Monetary by 17.eight% within the 2nd quarter. Nuance Investments LLC now owns 830,260 shares of the financial institution’s inventory valued at $54,648,000 after buying a further 125,385 shares over the last quarter. Lastly, Massachusetts Monetary Providers Co. MA lifted its stake in shares of UMB Monetary by 14.four% within the third quarter. Massachusetts Monetary Providers Co. MA now owns 849,308 shares of the financial institution’s inventory valued at $54,848,000 after buying a further 107,zero14 shares over the last quarter. Hedge funds and different institutional buyers personal 85.75% of the corporate’s inventory.
UMB Financial stock opened at $65.76 on Friday. The inventory’s 50 day shifting common is $65.08 and its 200-day shifting common is $65.07. The corporate has a present ratio of zero.68, a fast ratio of zero.68 and a debt-to-equity ratio of zero.03. UMB Monetary has a 12 month low of $57.90 and a 12 month excessive of $71.97. The corporate has a market capitalization of $three.24 billion, a price-to-earnings ratio of 16.32, a PEG ratio of two.69 and a beta of zero.91.
UMB Monetary (NASDAQ:UMBF) final launched its earnings outcomes on Tuesday, October 29th. The financial institution reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $zero.10. UMB Monetary had a return on fairness of eight.55% and a web margin of 16.06%. The agency had income of $271.90 million in the course of the quarter, in comparison with analysts’ expectations of $276.93 million. Throughout the identical interval within the prior yr, the corporate earned $1.16 earnings per share. As a gaggle, equities analysis analysts predict that UMB Monetary will publish four.73 earnings per share for the present fiscal yr.
The agency additionally not too long ago introduced a quarterly dividend, which will likely be paid on Thursday, January 2nd. Shareholders of report on Tuesday, December 10th will likely be paid a dividend of $zero.31 per share. The ex-dividend date of this dividend is Monday, December ninth. This can be a increase from UMB Monetary’s earlier quarterly dividend of $zero.30. This represents a $1.24 annualized dividend and a yield of 1.89%. UMB Monetary’s dividend payout ratio is presently 29.78%.
About UMB Monetary
UMB Monetary Company operates because the financial institution holding firm for the UMB Financial institution that gives numerous banking and different monetary providers. It operates by 4 segments: Industrial Banking, Institutional Banking, Private Banking, and Healthcare Providers. The Industrial Banking section supplies business loans, business bank cards, letters of credit score, mortgage syndication providers, consultative providers, and numerous monetary choices; capital markets providers, together with asset-based financing, asset securitization, fairness and mezzanine financing, factoring, and personal and public placement of senior debt, in addition to merger and acquisition consulting; and depository, account reconciliation, digital fund switch, managed disbursements, lockbox, and distant deposit seize providers.
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