Wall Street analysts expect UMB Financial Corp (NASDAQ:UMBF) to announce $270.98 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for UMB Financial’s earnings, with the highest sales estimate coming in at $274.00 million and the lowest estimate coming in at $266.40 million. UMB Financial posted sales of $250.52 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The business is expected to issue its next earnings results on Tuesday, July 23rd.
On average, analysts expect that UMB Financial will report full year sales of $1.09 billion for the current year, with estimates ranging from $1.08 billion to $1.11 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover UMB Financial.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.09. The business had revenue of $271.30 million during the quarter, compared to analysts’ expectations of $262.18 million. UMB Financial had a return on equity of 8.90% and a net margin of 16.66%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 earnings per share.
UMB Financial stock opened at $65.82 on Friday. The stock has a market capitalization of $3.23 billion, a PE ratio of 16.33, a PEG ratio of 1.75 and a beta of 0.95. UMB Financial has a 12 month low of $57.00 and a 12 month high of $80.39. The firm has a 50 day simple moving average of $64.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.69 and a quick ratio of 0.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, June 7th. UMB Financial’s dividend payout ratio (DPR) is presently 29.78%.
In related news, Chairman J Mariner Kemper sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $71.23, for a total transaction of $413,134.00. Following the completion of the sale, the chairman now directly owns 188,711 shares in the company, valued at $13,441,884.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Cornelius sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $69.38, for a total value of $55,504.00. The disclosure for this sale can be found here. Insiders sold 13,599 shares of company stock valued at $961,167 over the last 90 days. Company insiders own 10.45% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank boosted its holdings in shares of UMB Financial by 1.7% during the 4th quarter. Comerica Bank now owns 29,361 shares of the bank’s stock valued at $2,004,000 after buying an additional 479 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of UMB Financial by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,848 shares of the bank’s stock valued at $1,088,000 after buying an additional 375 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of UMB Financial during the 4th quarter valued at $33,000. Acadian Asset Management LLC bought a new stake in shares of UMB Financial during the 4th quarter valued at $320,000. Finally, BlackRock Inc. boosted its holdings in shares of UMB Financial by 3.2% during the 4th quarter. BlackRock Inc. now owns 5,364,714 shares of the bank’s stock valued at $327,087,000 after buying an additional 164,038 shares in the last quarter. Hedge funds and other institutional investors own 87.46% of the company’s stock.
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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