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UMB Financial Corporation (NASDAQ: UMBF) Is Down -20.05% Over The Last Week, But Will It Continue To Climb?

UMB Financial Corporation (NASDAQ:UMBF)’s traded shares stood at 0.41 million during the latest session, with the company’s beta value hitting 0.84. At the last check today, the stock’s price was $61.63, to imply a decrease of -5.59% or -$3.65 in intraday trading. The UMBF share’s 52-week high remains $102.95, putting it -67.05% down since that peak but still an impressive 16.79% since price per share fell to its 52-week low of $51.28. The company has a valuation of $3.28B, with an average of 0.69 million shares in intraday trading volume over the past 10 days and average of 282.76K shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for UMB Financial Corporation (UMBF), translating to a mean rating of 2.80. Of 5 analyst(s) looking at the stock, 0 analyst(s) give UMBF a Sell rating. 1 of those analysts rate the stock as Overweight while 4 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $2.

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UMB Financial Corporation (NASDAQ:UMBF) trade information

After registering a -5.59% downside in the latest session, UMB Financial Corporation (UMBF) has traded red over the past five days. The stock hit a weekly high of 75.20 this Thursday, 03/16/23, dropping -5.59% in its intraday price action. The 5-day price performance for the stock is -20.05%, and -32.59% over 30 days. With these gigs, the year-to-date price performance is -26.21%. Short interest in UMB Financial Corporation (NASDAQ:UMBF) saw shorts transact 0.56 million shares and set a 2.81 days time to cover.

Analysts on Wall Street suggest a consensus price target of $90.60, implying an increase of 31.98% to the stock’s recent value. The extremes give us $75.00 and $104.00 for target low and target high price respectively. As such, UMBF has been trading -68.75% off suggested target high and -21.69% from its likely low.

UMB Financial Corporation (UMBF) estimates and forecasts

Looking at statistics comparing UMB Financial Corporation share performance against respective industry, we note that the company has underperformed competitors. UMB Financial Corporation (UMBF) shares are -31.29% down over the last 6 months, with its year-to-date growth rate lower than industry average at -6.55% against 5.30%. Revenue is forecast to shrink -7.80% this quarter before falling -27.20% for the next one. The rating firms project that company’s revenue will grow 5.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $376.37 million. Meanwhile, for the quarter ending Jun 2023, a total of 4 analyst(s) estimate revenue growth to $382.91 million.Earnings reports from the last fiscal year show that sales brought in $334.03 million and $401.13 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.70% before dropping -4.50% in the following quarter.

UMBF Dividends

UMB Financial Corporation has its next earnings report out between April 24 and April 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. UMB Financial Corporation has a forward dividend ratio of 1.52, with the share yield ticking at 2.33% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

UMB Financial Corporation (NASDAQ:UMBF)’s Major holders

UMB Financial Corporation insiders hold 9.68% of total outstanding shares, with institutional holders owning 90.80% of the shares at 100.53% float percentage. In total, 90.80% institutions holds shares in the company, led by UMB Bank NA/MO. As of Dec 30, 2022, the company held over 5.71 million shares (or 11.81% of shares), all amounting to roughly $476.65 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 5.32 million shares, or about 11.00% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $448.13 million.

We also have Allspring Special Small Cap Value Fund and SPDR (R) Ser Tr- SPDR (R) S&P (R) Dividend ETF as the top two Mutual Funds with the largest holdings of the UMB Financial Corporation (UMBF) shares. Going by data provided on Nov 29, 2022, Allspring Special Small Cap Value Fund holds roughly 1.46 million shares. This is just over 3.03% of the total shares, with a market valuation of $125.12 million. Data from the same date shows that the other fund manager holds a little less at 1.45 million, or 3.01% of the shares, all valued at about 121.3 million.

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