Zacks: Brokerages Expect UMB Financial Co. (NASDAQ: UMBF) to Post $ 1.81 Per Share Profit
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.
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