UMB Financial Corporation (NASDAQ:UMBF) Set to Announce Earnings on Tuesday
UMB Financial Corporation (NASDAQ:UMBF) is set to issue its quarterly earnings data after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.92 per share for the quarter.
UMB Financial Corporation (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 25th. The bank reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. UMB Financial Corporation had a net margin of 16.24% and a return on equity of 8.60%. The firm had revenue of $255.10 million for the quarter, compared to the consensus estimate of $252.57 million. On average, analysts expect UMB Financial Corporation to post $3.76 EPS for the current fiscal year and $4.24 EPS for the next fiscal year.
UMB Financial Corporation (NASDAQ:UMBF) opened at 73.89 on Tuesday. The stock has a market cap of $3.68 billion, a P/E ratio of 21.93 and a beta of 0.87. UMB Financial Corporation has a 12 month low of $54.12 and a 12 month high of $81.55. The stock has a 50 day moving average of $72.40 and a 200-day moving average of $75.07.
The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 9th were issued a $0.255 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.02 annualized dividend and a yield of 1.38%. UMB Financial Corporation’s dividend payout ratio (DPR) is 30.27%.
UMB Financial Corporation announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 25th that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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Several analysts recently weighed in on UMBF shares. Keefe, Bruyette & Woods set a $75.00 target price on shares of UMB Financial Corporation and gave the company a “hold” rating in a report on Tuesday, April 4th. Stephens reaffirmed a “hold” rating on shares of UMB Financial Corporation in a report on Thursday, April 20th. FBR & Co reaffirmed a “hold” rating and issued a $82.00 target price (up previously from $80.00) on shares of UMB Financial Corporation in a report on Friday, April 21st. Zacks Investment Research cut shares of UMB Financial Corporation from a “buy” rating to a “hold” rating in a report on Saturday, April 29th. Finally, BidaskClub raised shares of UMB Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. UMB Financial Corporation presently has a consensus rating of “Hold” and an average target price of $80.00.
In other UMB Financial Corporation news, Chairman J Mariner Kemper sold 7,818 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $75.12, for a total value of $587,288.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Timothy R. Murphy purchased 2,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was bought at an average price of $70.53 per share, for a total transaction of $141,060.00. Following the completion of the purchase, the director now directly owns 2,549 shares of the company’s stock, valued at $179,780.97. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,285 shares of company stock worth $162,066 and sold 58,072 shares worth $4,332,791. Corporate insiders own 10.09% of the company’s stock.
About UMB Financial Corporation
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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