Zacks: Brokerages Anticipate UMB Financial Co. (NASDAQ:UMBF) Will Announce Earnings of $1.88 Per Share

Brokerages expect UMB Financial Co. (NASDAQ:UMBFGet Rating) to post $1.88 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for UMB Financial’s earnings, with the lowest EPS estimate coming in at $1.79 and the highest estimate coming in at $1.98. UMB Financial posted earnings per share of $1.80 during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that UMB Financial will report full year earnings of $8.17 per share for the current financial year, with EPS estimates ranging from $8.04 to $8.27. For the next fiscal year, analysts expect that the business will post earnings of $8.58 per share, with EPS estimates ranging from $8.37 to $8.70. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow UMB Financial.

UMB Financial (NASDAQ:UMBFGet Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $2.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.50. UMB Financial had a return on equity of 12.16% and a net margin of 26.95%. During the same quarter in the prior year, the firm posted $1.91 EPS.

UMBF has been the topic of a number of recent analyst reports. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Sunday. Raymond James boosted their price objective on UMB Financial from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 18th. Finally, Wells Fargo & Company dropped their price objective on UMB Financial from $110.00 to $100.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, UMB Financial currently has an average rating of “Hold” and an average price target of $108.50.

In other UMB Financial news, CEO J Mariner Kemper sold 1,554 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $102.64, for a total transaction of $159,502.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Cornelius sold 818 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $103.64, for a total value of $84,777.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,118 shares of company stock worth $1,236,214. 9.77% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in shares of UMB Financial by 32.9% in the third quarter. Wellington Management Group LLP now owns 1,256,245 shares of the bank’s stock valued at $121,491,000 after acquiring an additional 311,179 shares in the last quarter. Swiss National Bank grew its holdings in UMB Financial by 0.9% during the third quarter. Swiss National Bank now owns 101,400 shares of the bank’s stock valued at $9,806,000 after purchasing an additional 900 shares during the period. Credit Suisse AG grew its holdings in UMB Financial by 12.7% during the third quarter. Credit Suisse AG now owns 45,165 shares of the bank’s stock valued at $4,367,000 after purchasing an additional 5,084 shares during the period. Goldman Sachs Group Inc. grew its holdings in UMB Financial by 5.5% during the third quarter. Goldman Sachs Group Inc. now owns 169,128 shares of the bank’s stock valued at $16,356,000 after purchasing an additional 8,848 shares during the period. Finally, Cim Investment Management Inc. bought a new position in UMB Financial during the fourth quarter valued at $210,000. 86.70% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:UMBF traded down $3.38 during midday trading on Friday, reaching $90.18. The company’s stock had a trading volume of 594,551 shares, compared to its average volume of 197,394. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 12.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.71 and a current ratio of 0.69. The firm has a 50 day moving average price of $97.40 and a two-hundred day moving average price of $101.66. UMB Financial has a fifty-two week low of $84.21 and a fifty-two week high of $112.24.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, June 9th. UMB Financial’s dividend payout ratio (DPR) is currently 19.71%.

UMB Financial Company Profile (Get Rating)

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. 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, accounts receivable financing, 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.

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