Brokerages expect UMB Financial Corp (NASDAQ:UMBF) to announce $270.98 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for UMB Financial’s earnings, with estimates ranging from $266.40 million to $274.00 million. UMB Financial reported sales of $250.52 million during the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The firm is expected to issue its next quarterly earnings report on Tuesday, July 23rd.
According to Zacks, analysts expect that UMB Financial will report full year sales of $1.09 billion for the current financial year, with estimates ranging from $1.08 billion to $1.11 billion. For the next financial year, analysts forecast that the business will report sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover UMB Financial.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.09. The business had revenue of $271.30 million during the quarter, compared to the consensus estimate of $262.18 million. UMB Financial had a net margin of 16.66% and a return on equity of 8.90%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share.
UMBF has been the subject of several research analyst reports. Raymond James raised shares of UMB Financial from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Thursday, January 31st. BidaskClub raised shares of UMB Financial from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Stephens set a $74.00 price target on shares of UMB Financial and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Zacks Investment Research raised shares of UMB Financial from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Monday, April 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $73.25.
In other UMB Financial news, EVP Shannon Andresen Johnson sold 1,504 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $66.57, for a total transaction of $100,121.28. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at approximately $602,391.93. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman J Mariner Kemper sold 5,800 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $71.23, for a total value of $413,134.00. Following the sale, the chairman now owns 188,711 shares in the company, valued at approximately $13,441,884.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,103 shares of company stock worth $1,061,288. Corporate insiders own 10.45% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Man Group plc raised its stake in shares of UMB Financial by 46.2% in the first quarter. Man Group plc now owns 59,468 shares of the bank’s stock valued at $3,808,000 after purchasing an additional 18,802 shares in the last quarter. SEI Investments Co raised its stake in shares of UMB Financial by 8.4% in the first quarter. SEI Investments Co now owns 74,927 shares of the bank’s stock valued at $4,798,000 after purchasing an additional 5,790 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of UMB Financial by 33.6% in the first quarter. Goldman Sachs Group Inc. now owns 160,275 shares of the bank’s stock valued at $10,265,000 after purchasing an additional 40,317 shares in the last quarter. Hsbc Holdings PLC raised its stake in UMB Financial by 59.0% during the first quarter. Hsbc Holdings PLC now owns 5,318 shares of the bank’s stock worth $340,000 after acquiring an additional 1,973 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in UMB Financial by 2.9% during the first quarter. Loomis Sayles & Co. L P now owns 417,146 shares of the bank’s stock worth $26,714,000 after acquiring an additional 11,614 shares in the last quarter. Hedge funds and other institutional investors own 88.46% of the company’s stock.
UMBF stock traded down $0.42 during trading on Tuesday, hitting $67.35. The company had a trading volume of 2,350 shares, compared to its average volume of 217,116. The company has a market capitalization of $3.32 billion, a P/E ratio of 16.72, a PEG ratio of 1.88 and a beta of 0.87. UMB Financial has a fifty-two week low of $57.00 and a fifty-two week high of $82.14. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.20 annualized dividend and a yield of 1.78%. UMB Financial’s payout ratio is presently 29.78%.
About UMB Financial
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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