Wall Street analysts predict that UMB Financial Co. (NASDAQ: UMBF) will post earnings per share of $ 1.77 for the current quarter, Zacks reports. Three analysts put UBB Financial’s earnings as earnings, with the highest EPS estimate at $ 1.86 and the lowest estimate at $ 1.65. UMB Financial posted earnings of $ 1.33 per share in the same quarter last year, suggesting a positive growth rate of 33.1% year-over-year. The company is expected to release its next earnings report after the market closes on Tuesday, July 27.
According to Zacks, analysts expect UMB Financial to report annual earnings of $ 7.04 per share for the current year, with EPS estimates ranging from $ 6.85 to $ 7.40. For the next fiscal year, analysts predict the company will post earnings of $ 6.02 per share, with EPS estimates ranging from $ 5.75 to $ 6.42. Zacks Investment Research’s EPS averages are an average based on a survey of research companies that cover UMB Financial.
UMB Financial (NASDAQ: UMBF) last released its results on Monday April 26. The bank reported earnings per share of $ 1.91 for the quarter, beating the consensus estimate of $ 1.47 by $ 0.44. The company posted revenue of $ 303.00 million in the quarter, compared to analysts’ estimates of $ 309.32 million. UMB Financial had a net margin of 27.85% and a return on equity of 13.46%. The company’s quarterly revenue increased 11.2% year-over-year. During the same period of the previous year, the company made EPS ($ 0.04).
UMBF has been the subject of a number of research analyst reports. Wells Fargo & Company raised its price target for UMB Financial shares from $ 105 to $ 110.00 and assigned the company an “overweight” rating in a research note on Thursday, April 29. Raymond James raised his price target for UMB Financial shares from $ 82.00 to $ 110.00 and gave the company an “outperformance” rating in a research note on Thursday, April 29. Finally, Zacks Investment Research reduced shares of UMB Financial from a “buy” rating to a “sell” rating and set a price target of $ 99.00 for the stock. in a research note on Tuesday, June 29. One research analyst rated the stock with a sell rating, another assigned a conservation rating, and three assigned a buy rating to the company. UMB Financial has a consensus rating of “Hold” and an average target price of $ 91.75.
NASDAQ: UMBF shares traded down $ 1.12 in Monday’s session, reaching $ 92.68. 3,464 shares of the stock were traded, compared to its average volume of 206,464. The company’s fifty-day simple moving average is $ 95.72. UMB Financial has a 52 week low of $ 43.79 and a 52 week high of $ 99.98. The stock has a market cap of $ 4.48 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.74, and a beta of 1.07. The company has a debt ratio of 0.09, a quick ratio of 0.71, and a current ratio of 0.71.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 1. Shareholders of record on Thursday, June 10 received a dividend of $ 0.32 per share. The ex-dividend date was Wednesday June 9. This represents an annualized dividend of $ 1.28 and a return of 1.38%. UMB Financial’s dividend payout ratio (DPR) is currently 20.92%.
In other UMB Financial news, CEO J Mariner Kemper sold 585 shares of UMB Financial in a trade on Wednesday, April 7. The shares were sold at an average price of $ 91.11, for a total trade of $ 53,299.35. As a result of the sale, the CEO now owns 198,567 shares of the company, valued at approximately $ 18,091,439.37. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, insider Martin Dominic Karaba sold 673 shares of UMB Financial in a trade on Wednesday, May 12. The stock was sold for an average price of $ 98.00, for a total trade of $ 65,954.00. As a result of the sale, the insider now directly owns 3,849 shares of the company, valued at approximately $ 377,202. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 8,651 shares of the company valued at $ 832,599. 10.16% of the shares are currently held by insiders.
Institutional investors and hedge funds have recently changed their positions in the company. Alliancebernstein LP strengthened its position in UMB Financial shares by 2.0% during the 4th quarter. Alliancebernstein LP now owns 112,609 shares of the bank valued at $ 7,769,000 after acquiring an additional 2,188 shares in the last quarter. Rhumbline Advisers increased its stake in UMB Financial by 9.7% in the 4th quarter. Rhumbline Advisers now owns 153,115 shares of the bank valued at $ 10,563,000 after purchasing an additional 13,516 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in UMB Financial in the 4th quarter for a value of approximately $ 731,000. Teacher Retirement System of Texas purchased a new stake in UMB Financial in the 4th quarter for a value of approximately $ 291,000. Finally, Citigroup Inc. increased its stake in UMB Financial by 83.1% in the 4th quarter. Citigroup Inc. now owns 13,903 shares of the bank valued at $ 959,000 after purchasing an additional 6,308 shares during the period. 83.86% of the shares are currently held by institutional investors.
Profile of the financial company UMB
UMB Financial Corporation acts 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 services; various business solutions, including asset lending, accounts receivable financing, mezzanine debt and minority equity investments; and cash management services, such as custodian services, account reconciliation, cash management tools, accounts payable and receivable solutions, electronic funds transfer and automated payments, controlled disbursements, safe deposit box services and remote deposit entry services.
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