Analysts expect UMB Financial Corp (NASDAQ:UMBF) to report $270.98 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for UMB Financial’s earnings, with the lowest sales estimate coming in at $266.40 million and the highest estimate coming in at $274.00 million. UMB Financial reported sales of $250.52 million during the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The firm is scheduled to announce its next earnings report on Tuesday, July 23rd.
According to Zacks, analysts expect that UMB Financial will report full-year sales of $1.09 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.11 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover UMB Financial.
UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.09. UMB Financial had a return on equity of 8.90% and a net margin of 16.66%. The business had revenue of $271.30 million during the quarter, compared to analyst estimates of $262.18 million. During the same period in the previous year, the firm earned $1.18 EPS. UMB Financial’s quarterly revenue was up 7.0% compared to the same quarter last year.
In other UMB Financial news, EVP James Cornelius sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $69.38, for a total transaction of $55,504.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman J Mariner Kemper sold 5,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $71.23, for a total value of $413,134.00. Following the transaction, the chairman now directly owns 188,711 shares of the company’s stock, valued at approximately $13,441,884.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,599 shares of company stock valued at $961,167. Insiders own 10.45% of the company’s stock.
Several institutional investors have recently made changes to their positions in UMBF. American Century Companies Inc. raised its stake in shares of UMB Financial by 23.7% during the 4th quarter. American Century Companies Inc. now owns 3,195,954 shares of the bank’s stock worth $194,857,000 after purchasing an additional 612,931 shares in the last quarter. Norges Bank bought a new stake in shares of UMB Financial during the 4th quarter worth approximately $29,917,000. BlackRock Inc. raised its stake in shares of UMB Financial by 3.2% during the 4th quarter. BlackRock Inc. now owns 5,364,714 shares of the bank’s stock worth $327,087,000 after purchasing an additional 164,038 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of UMB Financial by 8.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,386,897 shares of the bank’s stock worth $84,559,000 after purchasing an additional 103,455 shares in the last quarter. Finally, Dean Investment Associates LLC bought a new stake in shares of UMB Financial during the 4th quarter worth approximately $6,108,000. Institutional investors own 87.54% of the company’s stock.
Shares of UMBF traded up $0.26 on Thursday, hitting $63.37. The company’s stock had a trading volume of 144,618 shares, compared to its average volume of 248,067. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.69. UMB Financial has a fifty-two week low of $57.00 and a fifty-two week high of $82.14. The firm has a market capitalization of $3.07 billion, a PE ratio of 15.72, a P/E/G ratio of 1.73 and a beta of 0.95.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, June 7th. UMB Financial’s dividend payout ratio (DPR) is currently 29.78%.
UMB Financial Company Profile
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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