Revenue Update on UMB Financial Corp(NASDAQ:UMBF)

UMB Financial Corp(NASDAQ:UMBF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $242.66M. Analysts estimated a revenue of $240.10M. Earnings per share were $0.80. Analysts had estimated an EPS of $0.74.

In a different note, On Apr 28, 2016, Raymond James said it Upgrades its rating on UMB Financial Corp. The shares have been rated ‘Market Perform’ by the firm.

UMB Financial Corp (UMBF) shares turned negative on Fridays trading session with the shares closing down -0.58 points or -1.04% at a volume of 1,40,273. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $56.48. The peak price level was also seen at $56.48 while the days lowest was $55.27. Finally the shares closed at $55.41. The 52-week high of the shares is $58.89 while the 52-week low is $39.55. According to the latest information available, the market cap of the company is $2,742 M.

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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