UMB Financial (UMBF) to Release 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same period last year, the company posted $2.02 EPS. 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 Trading Up 0.4 %

UMBF opened at $121.04 on Monday. The stock has a market capitalization of $5.91 billion, a P/E ratio of 15.13 and a beta of 0.82. The firm’s fifty day simple moving average is $119.05 and its 200 day simple moving average is $109.04. UMB Financial has a 12 month low of $76.00 and a 12 month high of $129.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were paid a $0.40 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date was Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.32%. UMB Financial’s payout ratio is presently 20.00%.

Analysts Set New Price Targets

Several brokerages have issued reports on UMBF. Citigroup assumed coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Royal Bank of Canada initiated coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock. StockNews.com downgraded UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Morgan Stanley initiated coverage on UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. Finally, Wells Fargo & Company raised their target price on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Activity at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $108.83, for a total value of $2,644,569.00. Following the sale, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at approximately $171,581,813.32. This represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,303 shares of company stock worth $5,879,967 in the last quarter. 8.85% of the stock is owned by insiders.

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.