The brokers anticipate that UMB Financial Co. (NASDAQ: UMBF – Get a rating) will post sales of $345.13 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made earnings estimates for UMB Financial, with estimates ranging from $342.40 million to $350.00 million. UMB Financial recorded sales of $339.29 million in the same quarter last year, suggesting a positive year-over-year growth rate of 1.7%. The company is expected to release its next earnings report on Monday, January 1.
On average, analysts expect UMB Financial to report annual sales of $1.41 billion for the current fiscal year, with estimates ranging from $1.39 billion to $1.42 billion. For the next fiscal year, analysts expect the company to report sales of $1.52 billion, with estimates ranging from $1.48 billion to $1.56 billion. Zacks sales calculations are an average average based on a survey of analysts who provide coverage for UMB Financial.
UMB Financial (NASDAQ: UMBF – Get a rating) last released its quarterly results on Tuesday, April 26. The bank reported earnings per share (EPS) of $2.17 for the quarter, beating analyst consensus estimates of $1.65 by $0.52. UMB Financial achieved a return on equity of 12.16% and a net margin of 26.95%. The company posted revenue of $340.43 million for the quarter, versus analyst estimates of $332.57 million. During the same period last year, the company achieved EPS of $1.91.
A number of brokerages have published reports on UMBF. Wells Fargo & Company cut its price target on UMB Financial from $110.00 to $100.00 in a Thursday, April 28 research note. StockNews.com upgraded UMB Financial from a “sell” to a “hold” rating in a Sunday May 1 research note. Finally, Raymond James raised his price target on UMB Financial from $110.00 to $120.00 and gave the company an “outperform” rating in a Friday, March 18 research note. One analyst rated the stock with a sell rating, two gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.50.
Shares of NASDAQ: UMBF opened at $88.96 on Tuesday. The stock’s 50-day moving average price is $94.41 and its two-hundred-day moving average price is $100.37. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt ratio of 0.10. UMB Financial has a 12-month low of $84.21 and a 12-month high of $112.24. The company has a market capitalization of $4.31 billion, a price-earnings ratio of 11.85 and a beta of 0.93.
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. This represents an annualized dividend of $1.48 and a dividend yield of 1.66%. The ex-date of this dividend is Thursday, June 9. UMB Financial’s dividend payout ratio is currently 19.71%.
In other news, CEO J Mariner Kemper sold 1,554 UMB Financial shares in a trade dated Wednesday, March 16. The stock was sold at an average price of $102.64, for a total value of $159,502.56. The transaction was disclosed in an SEC filing, which is available via this link. Insiders own 9.77% of the shares of the company.
Several large investors have recently changed their positions in the UMBF. Allspring Global Investments Holdings LLC purchased a new stake in UMB Financial stock during Q4, valued at approximately $179,610,000. State Street Corp increased its stake in UMB Financial shares by 81.2% during the 1st quarter. State Street Corp now owns 3,708,145 shares of the bank valued at $361,563,000 after purchasing an additional 1,661,449 shares during the period. UMB Bank NA MO increased its stake in UMB Financial shares by 21.5% during the 4th quarter. UMB Bank NA MO now owns 5,957,224 shares of the bank valued at $632,121,000 after purchasing an additional 1,055,926 shares during the period. Norges Bank purchased a new stake in shares of UMB Financial during Q4, valued at approximately $42,623,000. Finally, Wellington Management Group LLP increased its stake in UMB Financial shares by 32.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,256,245 shares of the bank valued at $121,491,000 after purchasing an additional 311,179 shares during the period. Institutional investors and hedge funds hold 87.26% 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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