UMB Financial (NASDAQ: UMBF – Get a rating) will release its quarterly earnings data after the market closes on Tuesday, April 26. Analysts expect the company to report earnings of $1.65 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
UMB Financial (NASDAQ: UMBF – Get a rating) last released its quarterly earnings data on Tuesday, January 25. The bank reported earnings per share (EPS) of $1.62 for the quarter, missing the consensus estimate of $1.87 per ($0.25). UMB Financial achieved a net margin of 26.57% and a return on equity of 11.52%. The company posted revenue of $329.35 million in the quarter, versus analyst estimates of $328.87 million. During the same period a year earlier, the company posted EPS of $3.26. The company’s revenue for the quarter was down 22.1% year over year. On average, analysts expect UMB Financial to post EPS of $7 for the current fiscal year and EPS of $8 for the next fiscal year.
UMBF Share opened at $93.32 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt ratio of 0.09. UMB Financial has a 1-year low of $84.21 and a 1-year high of $112.24. The company has a fifty-day simple moving average of $98.98 and a 200-day simple moving average of $102.05. The company has a market capitalization of $4.52 billion, a PE ratio of 12.87 and a beta of 0.94.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 1. Investors of record on Thursday, March 10 received a dividend of $0.37. This represents an annualized dividend of $1.48 and a dividend yield of 1.59%. The ex-dividend date was Wednesday, March 9. UMB Financial’s payout ratio is currently 20.41%.
In other UMB Financial news, EVP Jacques Cornelius sold 427 shares of the company in a transaction dated Tuesday, February 15. The shares were sold at an average price of $104.04, for a total transaction of $44,425.08. The sale was disclosed in a legal filing with the SEC, accessible via this link. Also, CEO J Mariner Kemper sold 8,415 shares of the company in a transaction dated Wednesday, February 2. The stock was sold at an average price of $101.35, for a total transaction of $852,860.25. Disclosure of this sale can be found here. Insiders sold 12,118 shares of the company valued at $1,236,214 in the past ninety days. 9.77% of the shares are held by insiders of the company.
A number of institutional investors have recently changed their stake in the company. Morgan Stanley increased its position in UMB Financial shares by 55.4% during the second quarter. Morgan Stanley now owns 43,008 shares of the bank worth $4,002,000 after buying an additional 15,341 shares in the last quarter. LPL Financial LLC increased its position in UMB Financial shares by 50.1% during the third quarter. LPL Financial LLC now owns 3,546 shares of the bank worth $343,000 after buying 1,183 additional shares in the last quarter. UBS Group AG increased its position in UMB Financial shares by 33.3% during the third quarter. UBS Group AG now owns 34,119 shares in the bank worth $3,300,000 after buying an additional 8,517 shares last quarter. Barclays PLC increased its position in shares of UMB Financial by 50.2% during the fourth quarter. Barclays PLC now owns 114,341 shares in the bank worth $12,133,000 after buying a further 38,237 shares last quarter. Finally, Goldman Sachs Group Inc. increased its position in UMB Financial shares by 1.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 171,838 shares of the bank worth $18,234,000 after buying 2,710 additional shares last quarter. 86.70% of the shares are currently held by hedge funds and other institutional investors.
Several research companies have recently published reports on UMBF. StockNews.com In a research note on Friday, UMB Financial shares were downgraded from a “sell” rating to a “hold” rating. Raymond James raised his price target on UMB Financial shares from $110.00 to $120.00 and gave the stock an “outperform” rating in a Friday, March 18 research report. Janney Montgomery Scott upgraded UMB Financial shares from a “neutral” rating to a “buy” rating and set a target price of $115.00 for the company in a Tuesday, Dec. 21 research report. Finally, Wells Fargo & Company downgraded UMB Financial shares from an “overweight” rating to an “equal weight” rating and reduced its target price for the stock from $115.00 to $110.00 in a research report of Tuesday, January 4. One equity research analyst has assigned the stock a sell rating, two have issued a hold rating and two have assigned the stock a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $111.00.
UMB Financial Company Profile (Get a rating)
UMB Financial Corporation operates as a bank holding company for UMB bank which provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit cards; commercial real estate financing; letter of credit; loan syndication and advisory service; various business solutions, including asset-based lending, accounts receivable financing, mezzanine debt and minority equity investments; and cash management service, such as deposit service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic funds transfer and automated payment, controlled disbursement, vault service and input service remote filing.
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