UMB Financial Corp (UMBF) was Upgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Raymond James advised their investors in a research report released on Apr 28, 2016.
On the company’s financial health, UMB Financial Corp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.68. The company had revenue of $234.20 million for the quarter, compared to analysts expectations of $232.89 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
UMB Financial Corp opened for trading at $54.75 and hit $56.13 on the upside on Wednesday, eventually ending the session at $54.97, with a gain of 0.49% or 0.27 points. The heightened volatility saw the trading volume jump to 3,69,609 shares. Company has a market cap of $2,723 M.
In a different news, on Apr 5, 2016, Greg M Graves (director) purchased 20 shares at $50.48 per share price. According to the SEC, on Mar 14, 2016, Andrew J Iseman (CEO of Subsidiary) sold 3,672 shares at $51.82 per share price. On Mar 10, 2016, Kris A Robbins (director) sold 600 shares at $50.25 per share price, according to the Form-4 filing with the securities and exchange commission.
UMB Financial Corporation is a financial holding company. The Companys 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.