Analysts expect that UMB Financial Corporation (NASDAQ:UMBF) will post $257.50 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for UMB Financial Corporation’s earnings, with the highest sales estimate coming in at $264.10 million and the lowest estimate coming in at $254.00 million. UMB Financial Corporation reported sales of $242.66 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The business is scheduled to issue its next earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that UMB Financial Corporation will report full year sales of $257.50 million for the current year, with estimates ranging from $1.03 billion to $1.04 billion. For the next year, analysts anticipate that the business will report sales of $1.07 billion per share, with estimates ranging from $1.04 billion to $1.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for UMB Financial Corporation.
UMB Financial Corporation (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 25th. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.05. The company had revenue of $255.10 million during the quarter, compared to analyst estimates of $252.57 million. UMB Financial Corporation had a return on equity of 8.60% and a net margin of 16.24%.
UMBF has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of UMB Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, April 29th. Keefe, Bruyette & Woods set a $75.00 price objective on shares of UMB Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, April 4th. Raymond James Financial, Inc. raised shares of UMB Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Thursday, March 16th. FBR & Co reissued a “hold” rating and set a $82.00 price objective (up previously from $80.00) on shares of UMB Financial Corporation in a research note on Friday, April 21st. Finally, Stephens reissued a “hold” rating on shares of UMB Financial Corporation in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. UMB Financial Corporation has an average rating of “Hold” and a consensus price target of $80.25.
In other UMB Financial Corporation news, Chairman J Mariner Kemper sold 7,818 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $75.12, for a total transaction of $587,288.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Alexander C. Kemper sold 1,500 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $73.61, for a total transaction of $110,415.00. Following the transaction, the director now directly owns 12,309 shares in the company, valued at approximately $906,065.49. The disclosure for this sale can be found here. In the last three months, insiders have purchased 2,285 shares of company stock worth $162,066 and have sold 58,072 shares worth $4,332,791. Corporate insiders own 10.09% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC bought a new position in UMB Financial Corporation during the fourth quarter worth $100,000. Invictus RG bought a new position in UMB Financial Corporation during the first quarter worth $111,000. Elkfork Partners LLC bought a new position in UMB Financial Corporation during the fourth quarter worth $137,000. PNC Financial Services Group Inc. increased its position in UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock worth $143,000 after buying an additional 330 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in UMB Financial Corporation by 11.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,520 shares of the bank’s stock worth $190,000 after buying an additional 252 shares in the last quarter. 83.37% of the stock is currently owned by institutional investors.
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UMB Financial Corporation (NASDAQ UMBF) opened at 73.86 on Friday. The company has a 50-day moving average price of $72.45 and a 200-day moving average price of $75.40. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 21.92 and a beta of 0.89. UMB Financial Corporation has a 52 week low of $48.87 and a 52 week high of $81.55.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Friday, June 9th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, June 7th. UMB Financial Corporation’s payout ratio is 30.27%.
About UMB Financial Corporation
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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