News headlines about UMB Financial Corporation (NASDAQ:UMBF) have been trending positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. UMB Financial Corporation earned a news impact score of 0.29 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 41 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Director of UMB Financial Corporation (NASDAQ:UMBF), Graves Greg M, buys 286 shares worth $20,001 (empowerednews.net)
- UMB Financial Corp. – Value Analysis (NASDAQ:UMBF) : August 5, 2017 (finance.yahoo.com)
- Insider Buying: UMB Financial Corporation (UMBF) Director Buys 286 Shares of Stock (americanbankingnews.com)
- Analysts Anticipate UMB Financial Corporation (UMBF) to Post $0.95 EPS (americanbankingnews.com)
UMBF has been the subject of a number of research analyst reports. FBR & Co increased their price objective on shares of UMB Financial Corporation from $80.00 to $82.00 and gave the company a “mkt perform” rating in a report on Thursday, April 27th. Stephens reaffirmed a “hold” rating on shares of UMB Financial Corporation in a report on Thursday, April 20th. Zacks Investment Research lowered shares of UMB Financial Corporation from a “buy” rating to a “hold” rating in a report on Saturday, April 29th. Finally, BidaskClub raised shares of UMB Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. UMB Financial Corporation presently has a consensus rating of “Hold” and a consensus target price of $78.20.
UMB Financial Corporation (NASDAQ:UMBF) traded up 0.56% on Tuesday, reaching $70.06. 213,519 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $73.07 and a 200-day moving average price of $74.45. UMB Financial Corporation has a 52 week low of $56.29 and a 52 week high of $81.55. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 20.24 and a beta of 0.86.
UMB Financial Corporation (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $247.70 million for the quarter, compared to analyst estimates of $261.84 million. UMB Financial Corporation had a return on equity of 8.81% and a net margin of 16.59%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, analysts predict that UMB Financial Corporation will post $3.65 earnings per share for the current year.
UMB Financial Corporation declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 25th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, Chairman J Mariner Kemper sold 21,600 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $75.17, for a total value of $1,623,672.00. Following the completion of the sale, the chairman now owns 186,373 shares in the company, valued at $14,009,658.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Murphy bought 2,000 shares of UMB Financial Corporation stock in a transaction dated Friday, May 19th. The stock was acquired at an average price of $70.53 per share, with a total value of $141,060.00. Following the acquisition, the director now directly owns 2,549 shares of the company’s stock, valued at $179,780.97. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,300 shares of company stock valued at $162,044 and have sold 27,225 shares valued at $2,043,235. Company insiders own 10.09% of the company’s stock.
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UMB Financial Corporation Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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