Equities analysts expect that UMB Financial Corp (NASDAQ:UMBF) will report $275.77 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for UMB Financial’s earnings, with the lowest sales estimate coming in at $270.10 million and the highest estimate coming in at $280.00 million. UMB Financial posted sales of $256.81 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The company is expected to announce its next quarterly earnings report on Tuesday, February 4th.
On average, analysts expect that UMB Financial will report full year sales of $1.10 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.11 billion. For the next financial year, analysts expect that the company will report sales of $1.11 billion, with estimates ranging from $1.10 billion to $1.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for UMB Financial.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $1.27 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $276.93 million. During the same period in the previous year, the firm posted $1.16 earnings per share.
In related news, Director Kris A. Robbins sold 800 shares of UMB Financial stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $62.57, for a total transaction of $50,056.00. Following the completion of the transaction, the director now owns 4,796 shares in the company, valued at $300,085.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer M. Payne sold 3,960 shares of UMB Financial stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $65.27, for a total value of $258,469.20. The disclosure for this sale can be found here. Insiders have sold a total of 12,860 shares of company stock worth $852,395 over the last 90 days. 10.45% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC grew its stake in UMB Financial by 8.8% in the 2nd quarter. Janus Henderson Group PLC now owns 337,424 shares of the bank’s stock valued at $22,209,000 after buying an additional 27,381 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of UMB Financial by 3.7% in the third quarter. Boston Trust Walden Corp now owns 389,912 shares of the bank’s stock valued at $25,181,000 after acquiring an additional 13,761 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in UMB Financial by 13.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,921 shares of the bank’s stock worth $192,000 after purchasing an additional 355 shares in the last quarter. Bank of Montreal Can raised its stake in UMB Financial by 83.2% in the 2nd quarter. Bank of Montreal Can now owns 9,089 shares of the bank’s stock worth $598,000 after purchasing an additional 4,127 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in UMB Financial by 3.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,931 shares of the bank’s stock worth $2,256,000 after purchasing an additional 1,270 shares in the last quarter. 85.56% of the stock is owned by institutional investors and hedge funds.
NASDAQ UMBF opened at $67.75 on Thursday. 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 firm has a market cap of $3.30 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.73 and a beta of 0.94. The stock’s 50-day moving average is $66.33 and its 200-day moving average is $64.76. UMB Financial has a one year low of $57.90 and a one year high of $71.97.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, December 9th. 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%. UMB Financial’s dividend payout ratio (DPR) is currently 29.78%.
UMB Financial Company Profile
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.
Further Reading: Overbought
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