UMB Financial Corp (NASDAQ:UMBF) Expected to Post Earnings of $1.16 Per Share
Equities research analysts forecast that UMB Financial Corp (NASDAQ:UMBF) will announce $1.16 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for UMB Financial’s earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $1.14. UMB Financial posted earnings of $0.56 per share in the same quarter last year, which would indicate a positive year over year growth rate of 107.1%. The firm is scheduled to issue its next earnings results on Tuesday, February 4th.
According to Zacks, analysts expect that UMB Financial will report full-year earnings of $4.75 per share for the current financial year, with EPS estimates ranging from $4.69 to $4.78. For the next year, analysts anticipate that the company will post earnings of $4.45 per share, with EPS estimates ranging from $4.38 to $4.50. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for UMB Financial.
UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. UMB Financial had a net margin of 16.06% and a return on equity of 8.55%. The business had revenue of $271.90 million during the quarter, compared to analysts’ expectations of $276.93 million. During the same period last year, the business earned $1.16 earnings per share.
In related news, VP Jennifer M. Payne sold 3,960 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $65.27, for a total value of $258,469.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO J Walker Brian sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,060 shares of company stock worth $802,339. Company insiders own 10.45% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in UMB Financial by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 31,702 shares of the bank’s stock valued at $2,087,000 after buying an additional 189 shares during the period. Sterling Capital Management LLC lifted its stake in UMB Financial by 2.4% in the second quarter. Sterling Capital Management LLC now owns 9,200 shares of the bank’s stock valued at $606,000 after buying an additional 212 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in UMB Financial by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 18,100 shares of the bank’s stock valued at $1,191,000 after buying an additional 252 shares during the period. Profund Advisors LLC lifted its stake in UMB Financial by 4.9% in the second quarter. Profund Advisors LLC now owns 5,873 shares of the bank’s stock valued at $387,000 after buying an additional 273 shares during the period. Finally, Arizona State Retirement System lifted its stake in UMB Financial by 1.1% in the second quarter. Arizona State Retirement System now owns 32,051 shares of the bank’s stock valued at $2,110,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 85.57% of the company’s stock.
UMB Financial stock traded up $0.52 during mid-day trading on Tuesday, hitting $67.89. 135,309 shares of the company’s stock traded hands, compared to its average volume of 212,853. The firm has a 50 day simple moving average of $66.56 and a two-hundred day simple moving average of $64.77. UMB Financial has a fifty-two week low of $57.90 and a fifty-two week high of $71.97. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.68 and a quick ratio of 0.68.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.31 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, December 9th. UMB Financial’s payout ratio is 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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