FIG Partners Comments on UMB Financial Corp’s FY2019 Earnings (UMBF)

UMB Financial Corp (NASDAQ:UMBF) – Equities research analysts at FIG Partners issued their FY2019 earnings per share estimates for shares of UMB Financial in a research report issued on Monday. FIG Partners analyst J. Rodis anticipates that the bank will earn $4.85 per share for the year.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $252.38 million for the quarter, compared to analysts’ expectations of $254.98 million. UMB Financial had a return on equity of 9.05% and a net margin of 23.35%. UMB Financial’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS.

UMBF has been the topic of a number of other research reports. Zacks Investment Research cut UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Piper Jaffray Companies reiterated a “neutral” rating and set a $74.00 target price on shares of UMB Financial in a report on Friday, October 6th. BidaskClub upgraded UMB Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Wells Fargo & Co increased their target price on UMB Financial from $71.00 to $75.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. UMB Financial has a consensus rating of “Hold” and an average price target of $77.00.

Shares of UMB Financial (UMBF) traded up $0.52 during trading hours on Tuesday, reaching $76.70. The company’s stock had a trading volume of 102,503 shares, compared to its average volume of 262,076. The firm has a market cap of $3,830.80, a PE ratio of 15.33, a PEG ratio of 1.55 and a beta of 0.83. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04. UMB Financial has a 52-week low of $62.27 and a 52-week high of $81.55.

A number of institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in UMB Financial by 50.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock valued at $173,000 after acquiring an additional 807 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in UMB Financial by 3.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 84,821 shares of the bank’s stock valued at $6,100,000 after acquiring an additional 2,720 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in UMB Financial in the fourth quarter valued at $971,000. SG Americas Securities LLC acquired a new position in UMB Financial in the fourth quarter valued at $346,000. Finally, Diversified Trust Co acquired a new position in UMB Financial in the fourth quarter valued at $227,000. Hedge funds and other institutional investors own 82.95% of the company’s stock.

In other news, EVP Christian R. Swett sold 1,862 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $73.50, for a total transaction of $136,857.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman J Mariner Kemper sold 5,451 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $77.02, for a total value of $419,836.02. The disclosure for this sale can be found here. Insiders have sold 8,645 shares of company stock worth $657,259 in the last 90 days. Insiders own 10.09% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.29 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, March 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.51%. UMB Financial’s dividend payout ratio (DPR) is 22.13%.

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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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