FIG Partners Weighs in on UMB Financial Corporation’s Q1 2018 Earnings (UMBF)
UMB Financial Corporation (NASDAQ:UMBF) – Research analysts at FIG Partners issued their Q1 2018 earnings estimates for shares of UMB Financial Corporation in a report issued on Thursday. FIG Partners analyst J. Rodis anticipates that the bank will post earnings per share of $0.96 for the quarter. FIG Partners also issued estimates for UMB Financial Corporation’s Q2 2018 earnings at $0.97 EPS, Q3 2018 earnings at $1.02 EPS and Q4 2018 earnings at $1.05 EPS.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Friday, July 7th. BidaskClub cut shares of UMB Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Stephens set a $71.00 price target on shares of UMB Financial Corporation and gave the stock a “hold” rating in a report on Wednesday, July 26th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $74.00 target price on shares of UMB Financial Corporation in a research note on Friday, October 6th. Finally, Raymond James Financial, Inc. upgraded shares of UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $77.20.
UMB Financial Corporation (NASDAQ UMBF) opened at 74.62 on Monday. The company’s 50-day moving average is $72.35 and its 200 day moving average is $71.92. UMB Financial Corporation has a 12 month low of $59.81 and a 12 month high of $81.55. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 21.56 and a beta of 0.89.
UMB Financial Corporation (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. UMB Financial Corporation had a net margin of 17.05% and a return on equity of 9.03%. The firm had revenue of $245.20 million during the quarter, compared to analyst estimates of $257.76 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. UMB Financial Corporation’s revenue for the quarter was up 7.4% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a $0.275 dividend. This is a positive change from UMB Financial Corporation’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.47%. UMB Financial Corporation’s dividend payout ratio (DPR) is currently 28.41%.
In other news, Director Timothy R. Murphy purchased 1,500 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were bought at an average price of $67.50 per share, with a total value of $101,250.00. Following the completion of the transaction, the director now directly owns 4,049 shares in the company, valued at approximately $273,307.50. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 10.09% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new position in shares of UMB Financial Corporation in the third quarter valued at approximately $348,000. First Midwest Bank Trust Division raised its position in shares of UMB Financial Corporation by 5.6% in the third quarter. First Midwest Bank Trust Division now owns 16,127 shares of the bank’s stock valued at $1,201,000 after purchasing an additional 848 shares during the period. Fox Run Management L.L.C. bought a new position in shares of UMB Financial Corporation in the third quarter valued at approximately $298,000. Hillcrest Asset Management LLC bought a new position in shares of UMB Financial Corporation in the second quarter valued at approximately $11,525,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of UMB Financial Corporation by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 10,868 shares of the bank’s stock valued at $814,000 after purchasing an additional 33 shares during the period. 82.35% of the stock is currently owned by institutional investors.
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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