Brokerages forecast that UMB Financial Corp (NASDAQ:UMBF) will post sales of $255.01 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for UMB Financial’s earnings, with estimates ranging from $245.44 million to $262.00 million. UMB Financial posted sales of $247.79 million during the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The business is scheduled to issue its next earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that UMB Financial will report full year sales of $255.01 million for the current year, with estimates ranging from $985.88 million to $1.02 billion. For the next year, analysts expect that the company will post sales of $1.06 billion per share, with estimates ranging from $1.02 billion to $1.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow UMB Financial.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The company had revenue of $245.20 million for the quarter, compared to analysts’ expectations of $257.76 million. UMB Financial had a net margin of 17.05% and a return on equity of 9.03%. UMB Financial’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS.
Several equities research analysts have recently commented on UMBF shares. Zacks Investment Research cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. BidaskClub lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $74.00 price target on shares of UMB Financial in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. UMB Financial currently has an average rating of “Hold” and a consensus price target of $77.20.
UMB Financial (UMBF) opened at $71.92 on Friday. The company has a market cap of $3,600.00, a price-to-earnings ratio of 20.03, a PEG ratio of 2.23 and a beta of 0.82. UMB Financial has a twelve month low of $62.27 and a twelve month high of $81.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.04.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a yield of 1.53%. UMB Financial’s dividend payout ratio is 30.64%.
In related news, insider Kevin M. Macke sold 1,332 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $75.50, for a total value of $100,566.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian R. Swett sold 1,862 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $73.50, for a total transaction of $136,857.00. The disclosure for this sale can be found here. Corporate insiders own 10.09% of the company’s stock.
Several large investors have recently made changes to their positions in UMBF. California Public Employees Retirement System raised its holdings in shares of UMB Financial by 9.2% during the 3rd quarter. California Public Employees Retirement System now owns 68,949 shares of the bank’s stock worth $5,136,000 after acquiring an additional 5,810 shares during the period. Crestline Management LP acquired a new position in shares of UMB Financial during the third quarter worth about $2,533,000. Schwab Charles Investment Management Inc. grew its position in shares of UMB Financial by 4.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 250,009 shares of the bank’s stock worth $18,624,000 after buying an additional 9,767 shares in the last quarter. Wells Fargo & Company MN lifted its stake in UMB Financial by 14.2% during the third quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock worth $71,101,000 after purchasing an additional 118,896 shares during the last quarter. Finally, Nuance Investments LLC lifted its stake in UMB Financial by 1,227.7% during the third quarter. Nuance Investments LLC now owns 550,158 shares of the bank’s stock worth $40,981,000 after purchasing an additional 508,722 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.
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About UMB Financial
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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