Closed Philadelphia Arts School Gets Urgent Bond Payoff Demand [BNN Bloomberg (Canada)]
UMB Financial Corporation (UMBF)
Last umb financial corporation earnings: 4/28 05:00 pm
Check Earnings Report
US:NASDAQ Investor Relations:
umbfinancial.com/investor-relations
Company Research
Source: BNN Bloomberg
UMB Bank N.A., the trustee for bondholders, said in a regulatory filing on Wednesday that it sent the school a “notice of events of default, acceleration and demand for payment.” Under an acceleration, bondholders can call for the debt to be paid instantly. A spokesperson for UMB Bank declined to comment. The closure of the school, founded in 1876, came as a shock to students, parents and staff and spurred protests. The school had a student-faculty ratio of 7.5 to 1 and offered degrees such as a master of music and master of fine arts, according to its website. Enrollment dropped precipitously leading up to the closure, with the number of full-time students falling to about 1,100 in the 2023-24 school year compared to 1,800 in the 2019-20 year, according to a regulatory filing. In June, Fitch Ratings downgraded the university to C from B+ after the school announced it would close. The next scheduled bond payment is an interest payment due on Sept. 15, Fitch said in its report
Show less
Read more
Impact Snapshot
Event Time:
UMBF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
UMBF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
UMBF alerts
High impacting UMB Financial Corporation news events
Weekly update
A roundup of the hottest topics
UMBF
News
- Will Banks' M&A Activity Slow Down With Steeper Regulatory Scrutiny [Yahoo! Finance]Yahoo! Finance
- UMB Expands Collateralized Loan Obligation (CLO) DivisionBusiness Wire
- UMB (UMBF) Up 0.4% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- UMB Financial (UMBF) Thrives on Loan Growth Amid Rising Costs [Yahoo! Finance]Yahoo! Finance
- With Archway Homes, selling your house ‘as is' never felt so good! [Yahoo! Finance]Yahoo! Finance
UMBF
Earnings
- 7/30/24 - Beat
UMBF
Sec Filings
- 9/6/24 - Form 4
- 9/4/24 - Form 144
- 9/4/24 - Form 4
- UMBF's page on the SEC website