UMB Financial (UMBF) Projected to Post Quarterly Earnings on Tuesday

UMB Financial (NASDAQ:UMBF) will likely be posting its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect UMB Financial to post earnings of $2.25 per share and revenue of $412,269.81 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. During the same period in the prior year, the company posted $2.02 earnings per share. On average, analysts expect UMB Financial to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

UMB Financial Stock Up 0.4 %

NASDAQ UMBF opened at $121.04 on Friday. The business has a fifty day moving average price of $119.05 and a two-hundred day moving average price of $108.88. The stock has a market capitalization of $5.91 billion, a PE ratio of 15.13 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is currently 20.00%.

Insider Transactions at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Pauls sold 849 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the completion of the transaction, the executive vice president now directly owns 6,483 shares in the company, valued at $715,852.86. This trade represents a 11.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,303 shares of company stock valued at $5,879,967 in the last 90 days. 8.85% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UMBF. Wells Fargo & Company raised their price objective on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Royal Bank of Canada began coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 target price on the stock. Morgan Stanley initiated coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Barclays lifted their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.