UMB Financial Corp (NASDAQ:UMBF) to Post Q4 2018 Earnings of $1.13 Per Share, Piper Jaffray Companies Forecasts

Share on StockTwits

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.

Read More: Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on UMB Financial (UMBF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for UMB Financial (NASDAQ:UMBF)

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply