Wall Street brokerages predict that UMB Financial Corp (NASDAQ:UMBF) will report $275.77 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for UMB Financial’s earnings, with the highest sales estimate coming in at $280.00 million and the lowest estimate coming in at $270.10 million. UMB Financial reported sales of $256.81 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The company is scheduled to report its next earnings results on Tuesday, February 4th.
On average, analysts expect that UMB Financial will report full-year sales of $1.10 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.11 billion. For the next financial year, analysts expect that the company will report sales of $1.11 billion, with estimates ranging from $1.10 billion to $1.12 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for UMB Financial.
UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $271.90 million during the quarter, compared to analysts’ expectations of $276.93 million. UMB Financial had a return on equity of 8.55% and a net margin of 16.06%. During the same period in the prior year, the firm posted $1.16 earnings per share.
Several 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 objective on the stock. in a research note on Sunday, November 3rd. Stephens restated a “buy” rating and issued a $75.00 price objective on shares of UMB Financial in a research note on Monday, September 16th. ValuEngine lowered UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Finally, BidaskClub lowered UMB Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. UMB Financial presently has a consensus rating of “Hold” and an average price target of $72.33.
NASDAQ:UMBF traded up $0.52 on Thursday, hitting $67.89. The company’s stock had a trading volume of 135,309 shares, compared to its average volume of 212,853. 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 stock has a fifty day moving average of $66.56 and a two-hundred day moving average of $64.77. The firm has a market capitalization of $3.33 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. UMB Financial has a one year low of $57.90 and a one year high of $71.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a $0.31 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.24 annualized dividend and a yield of 1.83%. UMB Financial’s dividend payout ratio is currently 29.78%.
In other news, CEO J Mariner Kemper sold 6,600 shares of the stock in a transaction that occurred on 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 SEC, which is available at the SEC website. Also, VP Jennifer M. Payne sold 3,960 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $65.27, for a total value of $258,469.20. The disclosure for this sale can be found here. Insiders sold 12,060 shares of company stock worth $802,339 in the last 90 days. Corporate insiders own 10.45% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in UMBF. Oakworth Capital Inc. bought a new position in shares of UMB Financial during the second quarter worth approximately $34,000. North Star Investment Management Corp. bought a new position in shares of UMB Financial during the third quarter worth approximately $44,000. Parkside Investments LLC bought a new position in shares of UMB Financial during the second quarter worth approximately $56,000. Point72 Asset Management L.P. bought a new position in shares of UMB Financial during the second quarter worth approximately $66,000. Finally, Quantamental Technologies LLC bought a new position in shares of UMB Financial during the second quarter worth approximately $71,000. Institutional investors own 85.57% of the company’s stock.
About UMB Financial
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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