UMB Financial Corporation (UMBF) Expected to Announce Earnings of $0.92 Per Share
Equities analysts expect that UMB Financial Corporation (NASDAQ:UMBF) will post earnings per share of $0.92 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for UMB Financial Corporation’s earnings. The highest EPS estimate is $0.97 and the lowest is $0.87. UMB Financial Corporation reported earnings of $0.91 per share in the same quarter last year, which would indicate a positive year over year growth rate of 1.1%. The firm is scheduled to report its next earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that UMB Financial Corporation will report full year earnings of $3.64 per share for the current year, with EPS estimates ranging from $3.60 to $3.68. For the next year, analysts anticipate that the company will post earnings of $3.95 per share, with EPS estimates ranging from $3.80 to $4.08. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover UMB Financial Corporation.
UMB Financial Corporation (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The company had revenue of $245.20 million during the quarter, compared to analyst estimates of $257.76 million. UMB Financial Corporation had a return on equity of 9.03% and a net margin of 17.05%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS.
A number of equities analysts recently issued reports on UMBF shares. Zacks Investment Research upgraded UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Friday, July 7th. BidaskClub lowered UMB Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Stephens set a $71.00 target price on UMB Financial Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Piper Jaffray Companies restated 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 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 issued a buy rating to the stock. UMB Financial Corporation currently has an average rating of “Hold” and an average price target of $77.20.
In related news, Director Timothy R. Murphy purchased 1,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were bought at an average cost of $67.50 per share, with a total value of $101,250.00. Following the transaction, the director now owns 4,049 shares of the company’s stock, valued at $273,307.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.09% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in UMBF. UBS Asset Management Americas Inc. grew its position in UMB Financial Corporation by 15.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 23,071 shares of the bank’s stock worth $1,737,000 after purchasing an additional 3,128 shares during the period. OppenheimerFunds Inc. acquired a new stake in UMB Financial Corporation during the 1st quarter worth about $310,000. Teachers Advisors LLC grew its position in UMB Financial Corporation by 2.8% during the 1st quarter. Teachers Advisors LLC now owns 78,692 shares of the bank’s stock worth $5,926,000 after purchasing an additional 2,173 shares during the period. PNC Financial Services Group Inc. grew its position in UMB Financial Corporation by 21.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock worth $143,000 after purchasing an additional 330 shares during the period. Finally, Legal & General Group Plc grew its position in UMB Financial Corporation by 20.4% during the 1st quarter. Legal & General Group Plc now owns 40,084 shares of the bank’s stock worth $3,020,000 after purchasing an additional 6,785 shares during the period. 82.35% of the stock is currently owned by institutional investors.
Shares of UMB Financial Corporation (UMBF) traded up $0.28 during mid-day trading on Friday, reaching $72.88. The company had a trading volume of 159,557 shares, compared to its average volume of 167,530. The company has a market cap of $3,627.34, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.66 and a current ratio of 0.66.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.275 per share. This is an increase from UMB Financial Corporation’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 7th. UMB Financial Corporation’s dividend payout ratio (DPR) is currently 28.41%.
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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