UMB Financial Corp (NASDAQ:UMBF) Expected to Announce Earnings of $1.17 Per Share

Wall Street analysts predict that UMB Financial Corp (NASDAQ:UMBF) will post earnings of $1.17 per share for the current quarter, Zacks reports. Four analysts have provided estimates for UMB Financial’s earnings, with estimates ranging from $1.15 to $1.19. UMB Financial posted earnings of $1.16 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The business is scheduled to announce its next quarterly earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that UMB Financial will report full year earnings of $4.74 per share for the current fiscal year, with EPS estimates ranging from $4.63 to $4.99. For the next fiscal year, analysts forecast that the firm will post earnings of $4.80 per share, with EPS estimates ranging from $4.70 to $5.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow UMB Financial.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $1.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.17. The business had revenue of $271.80 million for the quarter, compared to analysts’ expectations of $271.47 million. UMB Financial had a net margin of 16.17% and a return on equity of 8.68%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share.

UMBF has been the topic of a number of recent research reports. Stephens set a $74.00 price objective on shares of UMB Financial and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Zacks Investment Research cut shares of UMB Financial from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a report on Tuesday, July 2nd. Finally, BidaskClub upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. UMB Financial currently has an average rating of “Hold” and a consensus target price of $71.00.

UMBF traded up $1.30 during midday trading on Friday, reaching $63.43. The company’s stock had a trading volume of 632 shares, compared to its average volume of 192,149. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.93 and a beta of 0.91. The company has a current ratio of 0.68, a quick ratio of 0.68 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 $77.43. The stock’s 50-day moving average is $65.35 and its 200-day moving average is $65.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Monday, September 9th. UMB Financial’s dividend payout ratio (DPR) is presently 29.78%.

In other UMB Financial news, Chairman J Mariner Kemper sold 3,145 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $65.64, for a total value of $206,437.80. Following the sale, the chairman now owns 188,862 shares in the company, valued at $12,396,901.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.45% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of UMB Financial by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 31,702 shares of the bank’s stock worth $2,087,000 after buying an additional 189 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of UMB Financial by 2.4% in the second quarter. Sterling Capital Management LLC now owns 9,200 shares of the bank’s stock worth $606,000 after buying an additional 212 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of UMB Financial by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the bank’s stock worth $1,191,000 after buying an additional 252 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of UMB Financial by 4.9% in the second quarter. Profund Advisors LLC now owns 5,873 shares of the bank’s stock worth $387,000 after buying an additional 273 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in shares of UMB Financial by 5.0% in the first quarter. Diversified Trust Co now owns 5,725 shares of the bank’s stock worth $367,000 after buying an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 86.84% 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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Earnings History and Estimates for UMB Financial (NASDAQ:UMBF)

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