Zacks: Analysts Expect UMB Financial Corp (UMBF) to Announce $1.12 EPS

Wall Street brokerages expect UMB Financial Corp (NASDAQ:UMBF) to announce earnings of $1.12 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for UMB Financial’s earnings, with the lowest EPS estimate coming in at $1.09 and the highest estimate coming in at $1.14. UMB Financial reported earnings per share of $0.98 during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The company is expected to announce its next earnings results after the market closes on Tuesday, October 23rd.

According to Zacks, analysts expect that UMB Financial will report full year earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.52 to $4.61. For the next year, analysts anticipate that the business will report earnings of $4.79 per share, with EPS estimates ranging from $4.52 to $5.00. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover UMB Financial.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 24th. The bank reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.02). The firm had revenue of $250.52 million for the quarter, compared to the consensus estimate of $264.19 million. UMB Financial had a return on equity of 9.94% and a net margin of 25.18%. During the same period in the prior year, the company posted $0.90 earnings per share.

Several brokerages have weighed in on UMBF. BidaskClub raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Zacks Investment Research cut shares of UMB Financial from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, ValuEngine raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. UMB Financial presently has a consensus rating of “Hold” and a consensus target price of $80.25.

Shares of UMB Financial stock opened at $66.48 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.80 and a beta of 0.86. UMB Financial has a 1-year low of $64.85 and a 1-year high of $82.14.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 10th were issued a $0.29 dividend. The ex-dividend date was Friday, September 7th. This represents a $1.16 annualized dividend and a yield of 1.74%. UMB Financial’s dividend payout ratio is currently 30.93%.

In other UMB Financial news, insider Michael D. Hagedorn sold 10,048 shares of the stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $72.53, for a total value of $728,781.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman J Mariner Kemper sold 3,900 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $75.53, for a total transaction of $294,567.00. Following the completion of the sale, the chairman now owns 189,937 shares in the company, valued at $14,345,941.61. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,323 shares of company stock worth $98,048 and sold 36,443 shares worth $2,718,871. Company insiders own 10.26% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aperio Group LLC raised its holdings in UMB Financial by 6.4% in the third quarter. Aperio Group LLC now owns 29,670 shares of the bank’s stock worth $2,104,000 after purchasing an additional 1,785 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new stake in UMB Financial in the third quarter worth $213,000. Northern Trust Corp raised its holdings in UMB Financial by 0.8% in the second quarter. Northern Trust Corp now owns 1,228,896 shares of the bank’s stock worth $93,679,000 after purchasing an additional 10,081 shares during the period. Bank of New York Mellon Corp raised its holdings in UMB Financial by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 930,028 shares of the bank’s stock worth $70,896,000 after purchasing an additional 88,848 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in UMB Financial by 1,949.7% in the second quarter. Public Employees Retirement System of Ohio now owns 19,718 shares of the bank’s stock worth $1,503,000 after purchasing an additional 18,756 shares during the period. Institutional investors own 88.19% of the company’s stock.

About UMB Financial

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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