Zacks: Analysts Anticipate UMB Financial Co. (UMBF) to Announce $1.14 EPS

Equities analysts expect that UMB Financial Co. (NASDAQ:UMBF) will announce earnings per share of $1.14 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for UMB Financial’s earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $1.07. UMB Financial posted earnings per share of $0.90 in the same quarter last year, which suggests a positive year-over-year growth rate of 26.7%. The company is scheduled to issue its next quarterly earnings report on Tuesday, July 24th.

On average, analysts expect that UMB Financial will report full year earnings of $4.67 per share for the current year, with EPS estimates ranging from $4.41 to $4.88. For the next year, analysts anticipate that the business will post earnings of $4.99 per share, with EPS estimates ranging from $4.79 to $5.20. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow UMB Financial.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 24th. The bank reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.13. The firm had revenue of $253.45 million for the quarter, compared to analysts’ expectations of $257.41 million. UMB Financial had a net margin of 24.36% and a return on equity of 9.56%. During the same period in the prior year, the company earned $0.89 EPS.

A number of equities research analysts recently commented on UMBF shares. BidaskClub raised shares of UMB Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 23rd. Wells Fargo increased their price objective on shares of UMB Financial from $71.00 to $75.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. Piper Jaffray increased their price objective on shares of UMB Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut shares of UMB Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. UMB Financial currently has an average rating of “Hold” and an average price target of $77.75.

UMB Financial traded down $0.99, reaching $78.66, during trading hours on Monday, according to MarketBeat Ratings. The company’s stock had a trading volume of 277,253 shares, compared to its average volume of 209,010. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.65 and a beta of 0.83. UMB Financial has a fifty-two week low of $62.27 and a fifty-two week high of $79.99. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.04.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 11th will be issued a $0.29 dividend. The ex-dividend date is Friday, June 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.47%. UMB Financial’s dividend payout ratio (DPR) is 30.93%.

In other UMB Financial news, EVP John Pauls sold 470 shares of the company’s stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $78.52, for a total value of $36,904.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman J Mariner Kemper sold 2,400 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $76.76, for a total transaction of $184,224.00. Following the completion of the transaction, the chairman now owns 189,660 shares in the company, valued at $14,558,301.60. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 1,796 shares of company stock worth $136,877 and sold 27,165 shares worth $2,095,465. 10.26% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Tyers Asset Management LLC lifted its holdings in UMB Financial by 31.3% in the 4th quarter. Tyers Asset Management LLC now owns 3,088 shares of the bank’s stock valued at $222,000 after purchasing an additional 736 shares in the last quarter. Piermont Capital Management Inc. lifted its holdings in shares of UMB Financial by 2.3% during the 1st quarter. Piermont Capital Management Inc. now owns 32,770 shares of the bank’s stock worth $2,372,000 after acquiring an additional 740 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of UMB Financial by 6.6% during the 4th quarter. Guggenheim Capital LLC now owns 12,248 shares of the bank’s stock worth $884,000 after acquiring an additional 757 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of UMB Financial by 50.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock worth $173,000 after acquiring an additional 807 shares during the period. Finally, Paloma Partners Management Co lifted its holdings in shares of UMB Financial by 20.3% during the 4th quarter. Paloma Partners Management Co now owns 5,605 shares of the bank’s stock worth $403,000 after acquiring an additional 946 shares during the period. Institutional investors own 87.50% of the company’s stock.

About UMB Financial

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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Earnings History and Estimates for UMB Financial (NASDAQ:UMBF)

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