$1.14 EPS Expected for UMB Financial Corp (UMBF) This Quarter

Analysts predict that UMB Financial Corp (NASDAQ:UMBF) will announce earnings per share (EPS) of $1.14 for the current quarter, according to Zacks. Four analysts have made estimates for UMB Financial’s earnings. The lowest EPS estimate is $1.12 and the highest is $1.16. UMB Financial posted earnings per share of $1.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that UMB Financial will report full-year earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.54 to $4.65. For the next fiscal year, analysts expect that the company will report earnings of $4.83 per share, with EPS estimates ranging from $4.72 to $4.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover UMB Financial.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.19 EPS for the quarter, beating the consensus estimate of $1.10 by $0.09. The business had revenue of $271.30 million for the quarter, compared to analysts’ expectations of $262.18 million. UMB Financial had a net margin of 17.25% and a return on equity of 9.12%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS.

Several research firms recently commented on UMBF. Stephens set a $74.00 price objective on shares of UMB Financial and gave the company a “buy” rating in a research report on Tuesday. Raymond James boosted their price objective on shares of UMB Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. BidaskClub cut shares of UMB Financial from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. Zacks Investment Research cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. Finally, Bank of America cut shares of UMB Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $75.50.

UMBF traded up $0.45 during trading on Friday, hitting $67.78. The company had a trading volume of 5,771 shares, compared to its average volume of 247,277. The stock has a market capitalization of $3.21 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.89 and a beta of 0.85. UMB Financial has a one year low of $57.00 and a one year high of $82.14. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.04.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a $0.30 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.20 annualized dividend and a yield of 1.77%. UMB Financial’s payout ratio is currently 29.78%.

In other UMB Financial news, EVP Shannon Andresen Johnson sold 1,504 shares of UMB Financial stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $66.57, for a total value of $100,121.28. Following the sale, the executive vice president now directly owns 9,049 shares in the company, valued at approximately $602,391.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy R. Murphy purchased 4,000 shares of the stock in a transaction on Friday, February 1st. The stock was acquired at an average price of $64.63 per share, for a total transaction of $258,520.00. Following the completion of the purchase, the director now directly owns 12,635 shares in the company, valued at approximately $816,600.05. The disclosure for this purchase can be found here. 10.45% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank acquired a new position in shares of UMB Financial during the 4th quarter worth about $33,000. Brand Asset Management Group Inc. acquired a new position in shares of UMB Financial during the 4th quarter worth about $58,000. Tower Research Capital LLC TRC increased its stake in shares of UMB Financial by 416.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,128 shares of the bank’s stock worth $151,000 after purchasing an additional 1,716 shares during the last quarter. First Quadrant L P CA acquired a new position in shares of UMB Financial during the 4th quarter worth about $153,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of UMB Financial by 14.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $198,000 after purchasing an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.

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