Keefe Bruyette & Woods Maintains UMB Financial Corp to Market Perform with Price Target $53.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on UMB Financial Corp(NASDAQ:UMBF). In a research note issued to the investors, the brokerage major Raises the price-target to $53.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

UMB Financial Corp (UMBF) made into the market gainers list on Thursdays trading session with the shares advancing 0.49% or 0.27 points. Due to strong positive momentum, the stock ended at $55.28, which is also near the day’s high of $55.55. The stock began the session at $55.01 and the volume stood at 1,00,055 shares. The 52-week high of the shares is $58.89 and the 52 week low is $39.55. The company has a current market capitalization of $2,735 M and it has 4,94,81,352 shares in outstanding.

UMB Financial Corp(UMBF) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $242.66M. Analysts had an estimated revenue of $240.10M. Earnings per share were $0.80. Analysts had estimated an EPS of $0.74.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Kris A Robbins (director) sold 300 shares at $55.26 per share price.Also, On May 31, 2016, Andrew J Iseman (CEO of Subsidiary) sold 230 shares at $58.01 per share price.On May 27, 2016, Michael D Hagedorn (President of Subsidiary) sold 220 shares at $57.80 per share price, according to the Form-4 filing with the securities and exchange commission.

UMB Financial Corporation is a financial holding company. The Company’s primary banking subsidiary is UMB Bank National Association (the Bank). The Company supplies banking services institutional investment management asset servicing and payment solutions in the United States and across the world. The Company operates in four segments: Bank Institutional Investment Management Asset Servicing and Payment Solutions. The Bank provides banking services to commercial retail Government and correspondent bank customers. Institutional Investment Management segment provides equity and fixed income investment strategies. Asset Servicing segment provides services to the asset management industry for investment products including mutual funds alternative investments and managed accounts. Payment Solutions segment provides consumer and commercial credit and debit card prepaid debit card solutions healthcare services and institutional cash management.

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