Analysts predict that UMB Financial Corp (NASDAQ:UMBF) will announce $1.16 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for UMB Financial’s earnings. The highest EPS estimate is $1.21 and the lowest is $1.14. UMB Financial reported earnings per share of $0.56 during the same quarter last year, which indicates a positive year-over-year growth rate of 107.1%. The company is scheduled to report its next earnings report 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 financial year, with EPS estimates ranging from $4.67 to $4.78. For the next fiscal year, analysts forecast that the firm will report earnings of $4.47 per share, with EPS estimates ranging from $4.38 to $4.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow UMB Financial.
UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 29th. The bank reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. UMB Financial had a return on equity of 8.55% and a net margin of 16.06%. The firm had revenue of $271.90 million for the quarter, compared to the consensus estimate of $276.93 million. During the same quarter in the prior year, the business earned $1.16 EPS.
A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered UMB Financial from a “hold” rating to a “sell” rating and set a $71.00 price target for the company. in a research note on Sunday, November 3rd. ValuEngine lowered UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. BidaskClub upgraded UMB Financial from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Stephens restated a “buy” rating and set a $75.00 price objective on shares of UMB Financial in a research report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $72.33.
In other news, CEO J Mariner Kemper sold 6,600 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $66.95, for a total transaction of $441,870.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO J Walker Brian sold 1,500 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,172 shares of company stock valued at $872,516. Company insiders own 10.45% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Diversified Trust Co increased its holdings in UMB Financial by 8.3% during the second quarter. Diversified Trust Co now owns 6,200 shares of the bank’s stock valued at $408,000 after buying an additional 475 shares during the period. Altfest L J & Co. Inc. acquired a new stake in shares of UMB Financial in the second quarter valued at about $283,000. Oregon Public Employees Retirement Fund lifted its stake in shares of UMB Financial by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the bank’s stock valued at $1,191,000 after purchasing an additional 252 shares during the period. Arizona State Retirement System lifted its stake in shares of UMB Financial by 1.1% in the second quarter. Arizona State Retirement System now owns 32,051 shares of the bank’s stock valued at $2,110,000 after purchasing an additional 350 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of UMB Financial by 10.7% in the second quarter. SG Americas Securities LLC now owns 33,661 shares of the bank’s stock valued at $2,216,000 after purchasing an additional 3,249 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.
Shares of UMBF stock traded down $0.09 during midday trading on Friday, reaching $67.16. 122,000 shares of the stock were exchanged, compared to its average volume of 219,400. UMB Financial has a 1 year low of $57.90 and a 1 year high of $71.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03. The firm has a market cap of $3.30 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 2.74 and a beta of 0.91. The company’s 50 day moving average is $64.97 and its two-hundred day moving average is $65.11.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.31 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, December 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.85%. UMB Financial’s dividend payout ratio (DPR) is presently 29.78%.
UMB Financial Company Profile
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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