Wall Street brokerages expect UMB Financial Corp (NASDAQ:UMBF) to post $256.77 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for UMB Financial’s earnings. The highest sales estimate is $261.00 million and the lowest is $253.80 million. UMB Financial posted sales of $245.16 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 23rd.
On average, analysts expect that UMB Financial will report full-year sales of $1.03 billion for the current year, with estimates ranging from $1.02 billion to $1.05 billion. For the next year, analysts expect that the business will report sales of $1.09 billion per share, with estimates ranging from $1.07 billion to $1.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow UMB Financial.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $250.52 million during the quarter, compared to analyst estimates of $264.19 million. UMB Financial had a net margin of 25.18% and a return on equity of 9.94%. During the same period in the prior year, the company posted $0.90 earnings per share.
Several research firms recently commented on UMBF. Zacks Investment Research raised UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub raised UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. ValuEngine raised UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Stephens reaffirmed a “hold” rating and set a $85.00 target price on shares of UMB Financial in a report on Wednesday, May 23rd. Six research analysts have rated the stock with a hold rating, UMB Financial presently has a consensus rating of “Hold” and an average price target of $81.50.
Shares of UMBF stock opened at $73.49 on Friday. The stock has a market capitalization of $3.76 billion, a PE ratio of 19.89, a PEG ratio of 1.58 and a beta of 0.81. UMB Financial has a fifty-two week low of $67.20 and a fifty-two week high of $82.14. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.04.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, September 7th. UMB Financial’s dividend payout ratio (DPR) is 30.93%.
In related news, insider Kevin M. Macke sold 1,039 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $75.52, for a total transaction of $78,465.28. Following the sale, the insider now directly owns 6,705 shares of the company’s stock, valued at $506,361.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana H. Abraham sold 6,274 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $74.06, for a total value of $464,652.44. Following the sale, the insider now directly owns 13,796 shares in the company, valued at $1,021,731.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,595 shares of company stock worth $2,159,731. 10.26% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in UMB Financial by 5.3% during the first quarter. Wells Fargo & Company MN now owns 1,064,339 shares of the bank’s stock worth $77,047,000 after purchasing an additional 53,314 shares in the last quarter. SG Americas Securities LLC boosted its position in UMB Financial by 284.1% during the first quarter. SG Americas Securities LLC now owns 18,458 shares of the bank’s stock worth $1,336,000 after purchasing an additional 13,652 shares in the last quarter. Prudential Financial Inc. boosted its position in UMB Financial by 87.7% during the first quarter. Prudential Financial Inc. now owns 56,906 shares of the bank’s stock worth $4,119,000 after purchasing an additional 26,590 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in UMB Financial by 21.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 282,245 shares of the bank’s stock worth $20,432,000 after purchasing an additional 50,343 shares in the last quarter. Finally, Swiss National Bank boosted its position in UMB Financial by 2.3% during the first quarter. Swiss National Bank now owns 74,100 shares of the bank’s stock worth $5,364,000 after purchasing an additional 1,700 shares in the last quarter. 89.36% of the stock is currently owned by hedge funds and other institutional investors.
About UMB Financial
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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