Brokers Offer Predictions for UMB Financial Corp’s FY2018 Earnings (UMBF)

UMB Financial Corp (NASDAQ:UMBF) – Stock analysts at FIG Partners increased their FY2018 EPS estimates for UMB Financial in a research report issued on Wednesday, October 24th. FIG Partners analyst J. Rodis now anticipates that the bank will post earnings of $4.56 per share for the year, up from their prior estimate of $4.55. FIG Partners also issued estimates for UMB Financial’s Q4 2018 earnings at $1.10 EPS, Q1 2019 earnings at $1.14 EPS, Q2 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.20 EPS and FY2019 earnings at $4.74 EPS.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.04. The company had revenue of $251.38 million during the quarter, compared to analyst estimates of $260.02 million. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS.

Other research analysts have also issued reports about the stock. Raymond James set a $69.00 price objective on shares of UMB Financial and gave the stock a “buy” rating in a report on Thursday, October 25th. BidaskClub raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. ValuEngine raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Stephens reaffirmed a “hold” rating and issued a $80.00 price target on shares of UMB Financial in a report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $77.00.

Shares of UMBF stock opened at $62.94 on Monday. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.65 and a beta of 0.86. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. UMB Financial has a 1-year low of $57.00 and a 1-year high of $82.14.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 7th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.91%. UMB Financial’s payout ratio is 30.93%.

In other news, insider Kevin M. Macke sold 1,039 shares of UMB Financial stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $75.52, for a total value of $78,465.28. Following the completion of the transaction, the insider now directly owns 6,705 shares of the company’s stock, valued at approximately $506,361.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Hagedorn sold 10,048 shares of UMB Financial stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $72.53, for a total transaction of $728,781.44. The disclosure for this sale can be found here. Insiders sold a total of 36,443 shares of company stock valued at $2,718,871 over the last ninety days. Company insiders own 10.26% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS acquired a new position in UMB Financial during the 2nd quarter valued at about $200,000. NJ State Employees Deferred Compensation Plan acquired a new position in UMB Financial during the 3rd quarter valued at about $213,000. Nomura Holdings Inc. acquired a new position in UMB Financial during the 2nd quarter valued at about $226,000. Royal Bank of Canada boosted its stake in UMB Financial by 35.3% during the 1st quarter. Royal Bank of Canada now owns 4,299 shares of the bank’s stock valued at $312,000 after purchasing an additional 1,121 shares during the period. Finally, Investment House LLC boosted its stake in UMB Financial by 25.0% during the 2nd quarter. Investment House LLC now owns 5,547 shares of the bank’s stock valued at $423,000 after purchasing an additional 1,108 shares during the period. 87.30% of the stock is owned by institutional investors and hedge funds.

UMB Financial Company Profile

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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