UMB Financial (NASDAQ:UMBF – Get Free Report) is expected to release its earnings data 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. Investors that are interested in registering for the company’s earnings conference call can do so using this link.
UMB Financial (NASDAQ:UMBF – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The firm had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same period last year, the company earned $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 %
Shares of UMBF opened at $121.04 on Friday. The stock’s fifty day simple moving average is $119.05 and its 200-day simple moving average is $108.88. The firm has a market capitalization of $5.91 billion, a PE ratio of 15.13 and a beta of 0.82. UMB Financial has a 12-month low of $76.00 and a 12-month high of $129.94. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.
UMB Financial Increases Dividend
Insider Buying and Selling
In related news, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,303 shares of company stock valued at $5,879,967. 8.85% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages recently weighed in on UMBF. Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective on the stock. Morgan Stanley started coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Wells Fargo & Company upped their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Royal Bank of Canada began coverage on UMB Financial in a research note on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target for the company. Finally, StockNews.com cut shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have given 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.00.
Read Our Latest Analysis on UMB Financial
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.
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