UMB Financial Corp (NASDAQ:UMBF) – Stock analysts at Piper Jaffray Companies lowered their Q4 2018 EPS estimates for UMB Financial in a research report issued on Thursday, September 20th, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Race now expects that the bank will earn $1.13 per share for the quarter, down from their previous estimate of $1.14. Piper Jaffray Companies also issued estimates for UMB Financial’s Q1 2019 earnings at $1.09 EPS, Q2 2019 earnings at $1.10 EPS, Q3 2019 earnings at $1.13 EPS, Q4 2019 earnings at $1.20 EPS and FY2020 earnings at $4.83 EPS.
UMBF has been the subject of a number of other reports. BidaskClub raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Zacks Investment Research raised shares of UMB Financial from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Saturday, June 16th. ValuEngine downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Finally, Wells Fargo & Co set a $70.00 target price on shares of UMB Financial and gave the company a “hold” rating in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $80.25.
Shares of UMB Financial stock traded down $1.60 on Friday, reaching $66.59. 380,988 shares of the company traded hands, compared to its average volume of 221,098. UMB Financial has a 52 week low of $64.85 and a 52 week high of $82.14. The company has a market capitalization of $3.55 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.89 and a beta of 0.86. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.04.
UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, July 24th. The bank reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.02). UMB Financial had a net margin of 25.18% and a return on equity of 9.94%. The company had revenue of $250.52 million for the quarter, compared to the consensus estimate of $264.19 million. During the same period in the prior year, the company earned $0.90 earnings per share.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMBF. Kornitzer Capital Management Inc. KS purchased a new stake in UMB Financial in the 2nd quarter worth approximately $200,000. Nomura Holdings Inc. purchased a new stake in UMB Financial in the 2nd quarter worth approximately $226,000. Evergreen Capital Management LLC purchased a new stake in UMB Financial in the 1st quarter worth approximately $218,000. Pitcairn Co. purchased a new stake in UMB Financial in the 1st quarter worth approximately $263,000. Finally, Diversified Trust Co lifted its stake in UMB Financial by 27.0% in the 1st quarter. Diversified Trust Co now owns 4,000 shares of the bank’s stock worth $290,000 after purchasing an additional 850 shares in the last quarter. 89.36% of the stock is owned by institutional investors.
In related news, insider Dana H. Abraham sold 10,264 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $75.83, for a total value of $778,319.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael D. Hagedorn sold 10,048 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $72.53, for a total transaction of $728,781.44. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 1,323 shares of company stock valued at $98,048 and sold 36,443 shares valued at $2,718,871. 10.26% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, September 7th. UMB Financial’s dividend payout ratio (DPR) is presently 30.93%.
UMB Financial Company Profile
UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.
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