Hot Stock in the Spotlight: UMB Financial Corporation (NASDAQ: UMBF)

KANSAS CITY, Mo., July 17, 2019 – Shares of UMB Financial Corporation (NASDAQ: UMBF) lost -0.79% to $63.86. The stock grabbed the investor’s attention and traded 100.932K shares as compared to its average daily volume of 229.74K shares. The stock’s institutional ownership stands at 90.00%.

UMB Financial Corporation (UMBF), a financial services company, declared income from continuing operations for the first quarter of 2019 of $57.70M, or $1.18 per diluted share, contrast to $25.50M, or $0.52 per diluted share, in the fourth quarter 2018 (linked quarter) and $57.50M, or $1.15 per diluted share, in the first quarter 2018. The reported GAAP income from continuing operations represents a boost of 126.9 percent on a linked-quarter basis and a 0.4 percent increase contrast to the first quarter 2018.

Net operating income from continuing operations was $58.20M, or $1.19 per diluted share, for the first quarter 2019, contrast to $27.60M, or $0.56 per diluted share, for the linked quarter and $59.10M, or $1.18 per diluted share, for the first quarter 2018. These results represent a boost of 111.1 percent on a linked-quarter basis and a decrease of 1.4 percent contrast to first quarter 2018.

UMBF has a market value of $3.14B while its EPS was booked as $3.86 in the last 12 months. The stock has 48.79M shares outstanding. In the profitability analysis, the company has net profit margin of 25.30%. Beta value of the company was 0.91; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.50.

Charles Barnes

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