$0.91 Earnings Per Share Expected for UMB Financial Corporation (NASDAQ:UMBF) This Quarter
Brokerages predict that UMB Financial Corporation (NASDAQ:UMBF) will announce earnings per share of $0.91 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for UMB Financial Corporation’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.96. UMB Financial Corporation posted earnings of $0.80 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The firm is expected to issue its next earnings report after the market closes on Tuesday, July 25th.
On average, analysts expect that UMB Financial Corporation will report full-year earnings of $3.73 per share for the current year, with EPS estimates ranging from $3.58 to $3.85. For the next year, analysts forecast that the company will post earnings of $4.27 per share, with EPS estimates ranging from $3.90 to $4.99. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow UMB Financial Corporation.
UMB Financial Corporation (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, April 25th. The bank reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.05. The business had revenue of $255.10 million for the quarter, compared to analyst estimates of $252.57 million. UMB Financial Corporation had a return on equity of 8.60% and a net margin of 16.24%.
Several analysts have commented on the company. Zacks Investment Research downgraded UMB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. BidaskClub upgraded UMB Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Raymond James Financial, Inc. upgraded UMB Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Thursday, March 16th. FBR & Co reiterated a “hold” rating and set a $82.00 target price (up from $80.00) on shares of UMB Financial Corporation in a research note on Friday, April 21st. Finally, Stephens reiterated a “hold” rating on shares of UMB Financial Corporation in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. UMB Financial Corporation currently has an average rating of “Hold” and a consensus price target of $80.00.
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Shares of UMB Financial Corporation (NASDAQ UMBF) traded down 0.16% during mid-day trading on Tuesday, reaching $74.31. The company had a trading volume of 262,531 shares. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 22.05 and a beta of 0.87. The company has a 50 day moving average price of $72.40 and a 200 day moving average price of $75.07. UMB Financial Corporation has a one year low of $53.02 and a one year high of $81.55.
The company also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 9th were paid a $0.255 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.37%. UMB Financial Corporation’s dividend payout ratio (DPR) is currently 30.27%.
In other news, Director Timothy R. Murphy purchased 2,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were purchased at an average cost of $70.53 per share, for a total transaction of $141,060.00. Following the purchase, the director now directly owns 2,549 shares in the company, valued at approximately $179,780.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman J Mariner Kemper sold 21,600 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $75.17, for a total value of $1,623,672.00. Following the completion of the transaction, the chairman now owns 186,373 shares in the company, valued at $14,009,658.41. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,285 shares of company stock worth $162,066 and sold 58,072 shares worth $4,332,791. Company insiders own 10.09% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC increased its position in UMB Financial Corporation by 11.1% in the first quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock worth $108,000 after buying an additional 144 shares during the period. Invictus RG purchased a new position in UMB Financial Corporation during the first quarter worth about $111,000. PNC Financial Services Group Inc. increased its position in UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock worth $143,000 after buying an additional 330 shares during the period. Elkfork Partners LLC increased its position in UMB Financial Corporation by 11.1% in the first quarter. Elkfork Partners LLC now owns 1,980 shares of the bank’s stock worth $149,000 after buying an additional 198 shares during the period. Finally, Meadow Creek Investment Management LLC increased its position in UMB Financial Corporation by 11.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,520 shares of the bank’s stock worth $190,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 82.08% of the company’s stock.
UMB Financial Corporation Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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