Wall Street brokerages expect UMB Financial Co. (NASDAQ: UMBF) to report earnings per share of $ 1.81 for the current quarter, Zacks reports. Three analysts estimated UMB Financial’s earnings, with estimates ranging from $ 1.72 to $ 1.88. UMB Financial posted earnings of $ 1.59 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The company is expected to release its next earnings report on Tuesday, October 26.

According to Zacks, analysts expect UMB Financial to report annual earnings of $ 7.29 per share for the current year, with EPS estimates ranging from $ 7.17 to $ 7.36. For the next fiscal year, analysts predict the company will report earnings of $ 6.46 per share, with EPS estimates ranging from $ 6.25 to $ 6.68. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who follow UMB Financial.

UMB Financial (NASDAQ: UMBF) last released its results on Monday July 26. The bank reported earnings per share (EPS) of $ 1.80 for the quarter, beating the consensus estimate of $ 1.75 by $ 0.05. UMB Financial recorded a return on equity of 13.90% and a net margin of 29.15%. The company posted revenue of $ 332.66 million for the quarter, compared to a consensus estimate of $ 311.78 million. During the same period of the previous year, the company earned $ 1.33 per share. The company’s revenue grew 11.4% year-over-year.

Separately, Zacks Investment Research downgraded UMB Financial from a “buy” rating to a “sell” rating and set a price target of $ 99.00 for the stock. in a research report on Tuesday, June 29. One analyst assigned a sell rating to the stock, another assigned a conservation rating, and three assigned a buy rating to the company. According to MarketBeat.com, UMB Financial currently has an average “Hold” rating and a consensus target price of $ 91.75.

Separately, CEO J Mariner Kemper sold 2,200 shares of the company in a transaction dated Thursday, September 2. The stock was sold at an average price of $ 91.01, for a total trade of $ 200,222.00. The transaction was disclosed in a legal file with the SEC, accessible through the SEC’s website. In addition, director Alexander C. Kemper sold 2,630 shares of the company in a transaction dated Friday, August 6. The shares were sold for an average price of $ 95.94, for a total value of $ 252,322.20. As a result of the sale, the director now owns 10,459 shares of the company, valued at $ 1,003,436.46. Disclosure of this sale can be found here. Insiders have sold a total of 9,230 shares of the company valued at $ 862,448 in the past 90 days. Insiders own 10.16% of the shares of the company.

A number of institutional investors have recently changed their holdings in UMBF. Commonwealth Equity Services LLC purchased a new position in UMB Financial in the 1st quarter for a value of approximately $ 274,000. IndexIQ Advisors LLC purchased a new position in UMB Financial in Q1 worth approximately $ 397,000. The Swiss National Bank increased its stake in UMB Financial by 1.2% in the first quarter. The Swiss National Bank now owns 104,300 shares of the bank valued at $ 9,630,000 after purchasing an additional 1,200 shares in the last quarter. Cibc World Markets Corp acquired a new position in UMB Financial during the first quarter valued at approximately $ 430,000. Finally, BNP Paribas Arbitrage SA increased its stake in UMB Financial by 115.1% in the first quarter. BNP Paribas Arbitrage SA now owns 24,991 shares of the bank valued at $ 2,307,000 after purchasing 13,371 additional shares in the last quarter. 84.83% of the shares are currently held by hedge funds and other institutional investors.

NASDAQ UMBF shares traded up $ 1.16 at midday on Wednesday, reaching $ 90.01. The stock had a trading volume of 236,641 shares, compared to its average volume of 211,273. The company has a 50-day moving average of $ 90.72 and a two-hundred-day moving average of $ 93.05. . The company has a market cap of $ 4.35 billion, a PE ratio of 10.64 and a beta of 1.08. The company has a debt ratio of 0.09, a quick ratio of 0.71, and a current ratio of 0.71. UMB Financial has a twelve month low of $ 45.87 and a twelve month high of $ 99.98.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 1. Shareholders of record on Friday, September 10 will receive a dividend of $ 0.37 per share. The ex-dividend date is Thursday, September 9. This is a boost from UMB Financial’s previous quarterly dividend of $ 0.32. This represents a dividend of $ 1.48 on an annualized basis and a dividend yield of 1.64%. UMB Financial’s dividend payout ratio (DPR) is 24.18%.

About UMB Financial

UMB Financial Corp. operates as a financial holding company, which provides banking and asset services. It operates in the following segments: commercial banking, institutional banking and personal banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets and cash management needs of the Company’s mid-sized businesses and government entities by offering a variety of products and services.

Recommended story: what is the cost of goods sold?

Get a Free Copy of Zacks’ Research Report on UMB Financial (UMBF)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in UMB Financial now?

Before you consider UMB Financial, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold … and UMB Financial was not on the list.

While UMB Financial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here