Wall Street brokerages predict that UMB Financial Corp (NASDAQ:UMBF) will report earnings per share (EPS) of $1.16 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for UMB Financial’s earnings, with estimates ranging from $1.14 to $1.21. UMB Financial posted earnings per share of $0.56 during the same quarter last year, which would suggest a positive year-over-year growth rate of 107.1%. The company is scheduled to issue its next earnings results on Tuesday, February 4th.
According to Zacks, analysts expect that UMB Financial will report full year earnings of $4.73 per share for the current year, with EPS estimates ranging from $4.67 to $4.78. For the next year, analysts expect that the company will post earnings of $4.47 per share, with EPS estimates ranging from $4.38 to $4.60. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow UMB Financial.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.10. The firm had revenue of $271.90 million for the quarter, compared to the consensus estimate of $276.93 million. UMB Financial had a return on equity of 8.55% and a net margin of 16.06%. During the same quarter in the previous year, the business earned $1.16 earnings per share.
Several research firms recently issued reports on UMBF. Zacks Investment Research cut UMB Financial from a “hold” rating to a “sell” rating and set a $71.00 price objective on the stock. in a research report on Sunday, November 3rd. Stephens reaffirmed a “buy” rating and issued a $75.00 price objective on shares of UMB Financial in a research report on Monday, September 16th. BidaskClub raised UMB Financial from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, ValuEngine cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $72.33.
Shares of UMBF traded down $0.09 during trading hours on Friday, hitting $67.16. The company had a trading volume of 122,000 shares, compared to its average volume of 219,400. The firm has a market cap of $3.30 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.74 and a beta of 0.91. UMB Financial has a 52-week low of $57.90 and a 52-week high of $71.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $64.97 and its 200 day moving average price is $65.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be given a $0.31 dividend. The ex-dividend date is Monday, December 9th. This is a boost from UMB Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 1.85%. UMB Financial’s dividend payout ratio is 29.78%.
In other UMB Financial news, Director Kris A. Robbins sold 800 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $62.57, for a total transaction of $50,056.00. Following the completion of the sale, the director now directly owns 4,796 shares in the company, valued at approximately $300,085.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jennifer M. Payne sold 3,960 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $65.27, for a total transaction of $258,469.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,172 shares of company stock valued at $872,516. Company insiders own 10.45% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Oakworth Capital Inc. purchased a new stake in shares of UMB Financial in the 2nd quarter worth $34,000. North Star Investment Management Corp. purchased a new stake in shares of UMB Financial in the 3rd quarter worth $44,000. Parkside Investments LLC purchased a new stake in shares of UMB Financial in the 2nd quarter worth $56,000. Point72 Asset Management L.P. purchased a new stake in shares of UMB Financial in the 2nd quarter worth $66,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of UMB Financial in the 2nd quarter worth $71,000. Institutional investors and hedge funds own 85.53% of the company’s stock.
About UMB Financial
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
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