Wall Street analysts expect UMB Financial Co. (NASDAQ: UMBF – Get a rating) will report earnings per share of $1.88 for the current fiscal quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for UMB Financial. The highest EPS estimate is $1.98 and the lowest is $1.79. UMB Financial posted earnings of $1.80 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 4.4%. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect UMB Financial to report annual earnings of $8.17 per share for the current fiscal year, with EPS estimates ranging from $8.04 to $8.27. For the next fiscal year, analysts expect the company to post earnings of $8.58 per share, with EPS estimates ranging from $8.37 to $8.70. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side analysts who provide coverage for UMB Financial.
UMB Financial (NASDAQ: UMBF – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The bank reported EPS of $2.17 for the quarter, beating the Zacks consensus estimate of $1.67 by $0.50. UMB Financial achieved a net margin of 26.95% and a return on equity of 12.16%. In the same quarter a year earlier, the company posted earnings per share of $1.91.
Several equity research analysts have recently published reports on UMBF shares. StockNews.com upgraded UMB Financial shares from a “sell” to a “hold” rating in a research note on Sunday. Wells Fargo & Company cut its target price on UMB Financial shares from $110.00 to $100.00 in a research note on Thursday. Finally, 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. One 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $108.50.
NASDAQ: UMBF traded at $3.38 at midday on Friday, reaching $90.18. The stock recorded trading volume of 594,551 shares, compared to an average volume of 197,394. UMB Financial has a 12-month low of $84.21 and a 12-month high of $112.24. The stock has a market capitalization of $4.37 billion, a price-earnings ratio of 12.01 and a beta of 0.94. The company’s 50-day simple moving average is $97.40 and its 200-day simple moving average is $101.66. The company has a debt ratio of 0.10, a quick ratio of 0.71 and a current ratio of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Friday, June 10 will receive a dividend of $0.37 per share. This represents a dividend of $1.48 on an annualized basis and a dividend yield of 1.64%. The ex-date of this dividend is Thursday, June 9. UMB Financial’s dividend payout ratio is currently 19.71%.
In other news, EVP Jacques Cornelius sold 427 shares of UMB Financial in a trade that took place on Tuesday, February 15. The shares were sold at an average price of $104.04, for a total value of $44,425.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, director Timothy R.Murphy purchased 1,000 shares of the company in a trade dated Tuesday, February 1. The shares were acquired at an average price of $98.44 per share, with a total value of $98,440.00. Disclosure of this purchase can be found here. In the past 90 days, insiders have sold 12,118 shares of the company valued at $1,236,214. Company insiders own 9.77% of the company’s shares.
A number of institutional investors and hedge funds have recently changed their positions in UMBF. Morgan Stanley increased its position in UMB Financial by 55.4% during the second quarter. Morgan Stanley now owns 43,008 shares of the bank valued at $4,002,000 after buying an additional 15,341 shares last quarter. The Swiss National Bank increased its position in UMB Financial by 0.9% during the third quarter. The Swiss National Bank now owns 101,400 shares of the bank valued at $9,806,000 after buying another 900 shares last quarter. Mackenzie Financial Corp acquired a new position in UMB Financial during the third quarter valued at approximately $248,000. Richard Bernstein Advisors LLC increased its position in UMB Financial by 5.7% during the third quarter. Richard Bernstein Advisors LLC now owns 49,158 shares of the bank valued at $4,754,000 after buying 2,661 additional shares last quarter. Finally, Barclays PLC increased its position in UMB Financial by 1.0% during the third quarter. Barclays PLC now owns 76,104 shares in the bank valued at $7,359,000 after buying an additional 773 shares last quarter. Institutional investors and hedge funds hold 86.70% of the company’s shares.
About UMB Financial (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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