Wall Street analysts expect UMB Financial Corp (NASDAQ:UMBF) to report $1.06 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for UMB Financial’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.11. UMB Financial reported earnings of $0.89 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that UMB Financial will report full year earnings of $4.51 per share for the current financial year, with EPS estimates ranging from $4.41 to $4.69. For the next financial year, analysts anticipate that the company will post earnings of $4.93 per share, with EPS estimates ranging from $4.79 to $5.18. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow UMB Financial.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm had revenue of $252.38 million for the quarter, compared to analyst estimates of $254.98 million. UMB Financial had a return on equity of 9.05% and a net margin of 23.35%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS.
UMBF has been the topic of several recent research reports. Zacks Investment Research lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Thursday, November 30th. BidaskClub lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Wells Fargo & Co increased their price objective on UMB Financial from $71.00 to $75.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Piper Jaffray Companies increased their price objective on UMB Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $77.83.
Shares of UMB Financial (UMBF) traded up $0.78 during trading on Friday, hitting $76.27. The stock had a trading volume of 183,500 shares, compared to its average volume of 255,648. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $3,803.38, a price-to-earnings ratio of 20.18, a PEG ratio of 1.51 and a beta of 0.87. UMB Financial has a 12-month low of $62.27 and a 12-month high of $81.55.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.52%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, March 8th. UMB Financial’s dividend payout ratio (DPR) is presently 22.13%.
In related news, Chairman J Mariner Kemper sold 5,451 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $77.02, for a total transaction of $419,836.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kevin M. Macke sold 1,332 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $75.50, for a total value of $100,566.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,645 shares of company stock worth $657,259. 10.09% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of UMB Financial in the 3rd quarter worth approximately $144,000. PNC Financial Services Group Inc. grew its position in shares of UMB Financial by 6.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock worth $152,000 after buying an additional 129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of UMB Financial by 50.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock worth $173,000 after buying an additional 807 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of UMB Financial in the 4th quarter worth approximately $202,000. Finally, Advisor Group Inc. grew its position in shares of UMB Financial by 137.6% in the 4th quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock worth $209,000 after buying an additional 1,675 shares during the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.
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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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