UMB Financial Corp (UMBF) Expected to Announce Quarterly Sales of $254.35 Million
Wall Street analysts expect UMB Financial Corp (NASDAQ:UMBF) to post sales of $254.35 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for UMB Financial’s earnings, with estimates ranging from $245.44 million to $260.00 million. UMB Financial reported sales of $247.79 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, January 23rd.
According to Zacks, analysts expect that UMB Financial will report full year sales of $254.35 million for the current financial year, with estimates ranging from $985.88 million to $1.02 billion. For the next fiscal year, analysts expect that the business will post sales of $1.06 billion per share, with estimates ranging from $1.02 billion to $1.08 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for UMB Financial.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. UMB Financial had a return on equity of 9.03% and a net margin of 17.05%. The company had revenue of $245.20 million during the quarter, compared to the consensus estimate of $257.76 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year.
In other news, EVP Christian R. Swett sold 1,862 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $73.50, for a total value of $136,857.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin M. Macke sold 1,332 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total transaction of $100,566.00. The disclosure for this sale can be found here. 10.09% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of UMB Financial by 2.0% in the second quarter. Vanguard Group Inc. now owns 4,175,014 shares of the bank’s stock worth $312,541,000 after acquiring an additional 80,269 shares during the last quarter. Northern Trust Corp increased its stake in shares of UMB Financial by 1.6% in the second quarter. Northern Trust Corp now owns 1,255,306 shares of the bank’s stock worth $93,972,000 after acquiring an additional 19,397 shares during the last quarter. American Century Companies Inc. increased its stake in shares of UMB Financial by 0.5% in the third quarter. American Century Companies Inc. now owns 1,019,103 shares of the bank’s stock worth $75,913,000 after acquiring an additional 4,926 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of UMB Financial by 14.2% in the third quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock worth $71,101,000 after acquiring an additional 118,896 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its stake in shares of UMB Financial by 48.2% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 739,900 shares of the bank’s stock worth $55,389,000 after acquiring an additional 240,575 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of UMB Financial (NASDAQ:UMBF) opened at $76.08 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.66 and a current ratio of 0.66. UMB Financial has a one year low of $62.27 and a one year high of $81.55. The stock has a market cap of $3,793.90, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.56 and a beta of 0.83.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were paid a dividend of $0.275 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, December 7th. UMB Financial’s payout ratio is 30.64%.
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UMB Financial 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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