UMB Financial (UMBF) Scheduled to Post Earnings on Tuesday

UMB Financial (NASDAQ:UMBF) will release its earnings data after the market closes on Tuesday, October 29th. Analysts expect UMB Financial to post earnings of $2.16 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. The company had revenue of $390.03 million during the quarter, compared to analysts’ expectations of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 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 Stock Down 2.5 %

Shares of UMBF stock opened at $106.63 on Tuesday. UMB Financial has a fifty-two week low of $58.92 and a fifty-two week high of $113.30. The firm has a market capitalization of $5.20 billion, a PE ratio of 13.76 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73. The stock’s 50-day simple moving average is $103.39 and its 200-day simple moving average is $91.66.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.56 annualized dividend and a yield of 1.46%. UMB Financial’s dividend payout ratio (DPR) is presently 20.13%.

Insider Activity at UMB Financial

In other UMB Financial news, Director Tamara Peterman purchased 396 shares of the stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the completion of the transaction, the director now owns 7,407 shares of the company’s stock, valued at $737,440.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other UMB Financial news, insider Robert Brian Beaird sold 698 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $93.19, for a total transaction of $65,046.62. Following the completion of the transaction, the insider now directly owns 6,682 shares in the company, valued at approximately $622,695.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tamara Peterman bought 396 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the transaction, the director now owns 7,407 shares of the company’s stock, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 42,596 shares of company stock worth $4,224,884 in the last 90 days. Corporate insiders own 8.85% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on UMBF. Wells Fargo & Company upped their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Barclays increased their price target on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Citigroup initiated coverage on UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. Finally, Piper Sandler raised their target price on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with 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.com, UMB Financial currently has an average rating of “Moderate Buy” and a consensus target price of $105.86.

UMB Financial Company Profile

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.