EPS of $1.65 expected for UMB Financial Co. (NASDAQ:UMBF) this quarter
Stock analysts predict that UMB Financial Co. (NASDAQ:UMBF – Get a rating) will post earnings per share (EPS) of $1.65 for the current quarter, according to Zacks. Three analysts released earnings estimates for UMB Financial, with the lowest EPS estimate of $1.57 and the highest estimate of $1.70. UMB Financial posted earnings per share of $1.91 in the same quarter last year, indicating a negative growth rate of 13.6% year-over-year. The company is expected to announce its next quarterly earnings report on Tuesday, April 26.
According to Zacks, analysts expect UMB Financial to report annual earnings of $7.23 per share for the current fiscal year, with EPS estimates ranging from $6.94 to $7.45. For the next fiscal year, analysts expect the company to post earnings of $7.91 per share, with EPS estimates ranging from $7.57 to $8.17. Zacks Investment Research’s EPS averages are an average average based on a survey of analysts who provide coverage for UMB Financial.
UMB Financial (NASDAQ:UMBF – Get a rating) last released its quarterly results on Tuesday, January 25. The bank reported EPS of $1.62 for the quarter, missing analyst consensus estimates of $1.87 per ($0.25). UMB Financial achieved a return on equity of 11.52% and a net margin of 26.57%. The company posted revenue of $329.35 million in the quarter, versus a consensus estimate of $328.87 million. In the same period a year earlier, the company earned earnings per share of $3.26. The company’s revenue for the quarter was down 22.1% from the same quarter last year.
Several equity analysts have recently published reports on UMBF shares. StockNews.com upgraded UMB Financial from a “sell” to a “hold” rating in a research report on Friday. Raymond James raised his price target on UMB Financial from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. Janney Montgomery Scott upgraded UMB Financial from a “neutral” rating to a “buy” rating and set a price target of $115.00 on the stock in a research report on Tuesday, December 21. Finally, Wells Fargo & Company downgraded UMB Financial from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $115.00 to $110.00 in a research report Tuesday, January 4. One analyst rated the stock with a sell rating, two issued a hold rating and two issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.00.
In other news, CEO J Mariner Kemper sold 1,554 shares of the company in a trade on Wednesday, March 16. The stock was sold at an average price of $102.64, for a total value of $159,502.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via the SEC website. Also, VPE Jacques Cornelius sold 427 shares of the company in a transaction on Tuesday, February 15. The stock was sold at an average price of $104.04, for a total value of $44,425.08. Disclosure of this sale can be found here. Insiders sold a total of 13,385 shares of the company worth $1,372,239 in the past three months. Insiders hold 10.16% of the shares of the company.
Several large investors have recently bought and sold UMBF shares. Lazard Asset Management LLC increased its stake in UMB Financial shares by 84.6% in the 4th quarter. Lazard Asset Management LLC now owns 515 shares of the bank worth $54,000 after buying 236 more shares last quarter. Parallel Advisors LLC increased its stake in UMB Financial by 47.2% in the 3rd quarter. Parallel Advisors LLC now owns 574 shares of the bank worth $55,000 after buying 184 additional shares in the last quarter. Rockefeller Capital Management LP bought a new stake in UMB Financial in Q3 for $73,000. Heritage Wealth Management LLC increased its stake in UMB Financial by 18.1% in the third quarter. Heritage Wealth Management LLC now owns 814 shares of the bank worth $79,000 after buying 125 additional shares in the last quarter. Finally, USA Financial Portformulas Corp acquired a new stake in UMB Financial in the 4th quarter worth $90,000. Hedge funds and other institutional investors hold 86.70% of the company’s shares.
UMBF stock traded at $1.00 midday Friday, hitting $100.00. The company’s shares had a trading volume of 630,478 shares, compared to an average volume of 203,570. The company has a market capitalization of $4.84 billion, a PE ratio of 13.79 and a beta of 0, 96. UMB Financial has a 12-month low of $84.21 and a 12-month high of $112.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt ratio of 0.09. The company’s 50-day moving average is $101.86 and its 200-day moving average is $101.36.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 1. Shareholders of record on Thursday, March 10 will receive a dividend of $0.37 per share. The ex-dividend date is Wednesday, March 9. This represents an annualized dividend of $1.48 and a dividend yield of 1.48%. UMB Financial’s payout ratio is 20.41%.
UMB Financial Company Profile (Get a rating)
UMB Financial Corporation operates as a bank holding company for UMB bank which provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit cards; commercial real estate financing; letter of credit; loan syndication and advisory service; various business solutions, including asset-based lending, accounts receivable financing, mezzanine debt and minority equity investments; and cash management service, such as deposit service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic funds transfer and automated payment, controlled disbursement, vault service and input service remote filing.
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