UMB Financial Corporation (NASDAQ:UMBF) will release its earnings data after the market closes on Tuesday, July 25th. Analysts expect UMB Financial Corporation to post earnings of $0.92 per share for the quarter.
UMB Financial Corporation (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 25th. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. UMB Financial Corporation had a net margin of 16.24% and a return on equity of 8.60%. The company had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $252.57 million. On average, analysts expect UMB Financial Corporation to post $3.76 EPS for the current fiscal year and $4.24 EPS for the next fiscal year.
UMB Financial Corporation (NASDAQ:UMBF) opened at 73.89 on Tuesday. The company’s 50 day moving average is $72.40 and its 200 day moving average is $75.07. The stock has a market cap of $3.68 billion, a PE ratio of 21.93 and a beta of 0.87. UMB Financial Corporation has a 12 month low of $54.12 and a 12 month high of $81.55.
UMB Financial Corporation announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 25th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 9th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.02 dividend on an annualized basis and a yield of 1.38%. UMB Financial Corporation’s payout ratio is 30.27%.
In other UMB Financial Corporation news, insider J Walker Brian sold 2,260 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $75.13, for a total transaction of $169,793.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman J Mariner Kemper sold 21,600 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $75.17, for a total transaction of $1,623,672.00. Following the transaction, the chairman now directly owns 186,373 shares in the company, valued at approximately $14,009,658.41. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,285 shares of company stock worth $162,066 and have sold 58,072 shares worth $4,332,791. Company insiders own 10.09% of the company’s stock.
A number of brokerages recently weighed in on UMBF. BidaskClub upgraded shares of UMB Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Wednesday, June 28th. FBR & Co lifted their price objective on shares of UMB Financial Corporation from $80.00 to $82.00 and gave the company a “mkt perform” rating in a report on Thursday, April 27th. Stephens reiterated a “hold” rating on shares of UMB Financial Corporation in a report on Thursday, April 20th. Finally, Keefe, Bruyette & Woods set a $75.00 target price on shares of UMB Financial Corporation and gave the company a “hold” rating in a research report on Tuesday, April 4th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.00.
UMB Financial Corporation 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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