UMB Financial (UMBF) Set to Announce Quarterly Earnings on Tuesday

UMB Financial (NASDAQ:UMBF) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $2.16 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The company had revenue of $390.03 million during the quarter, compared to the consensus estimate of $384.96 million. During the same period last year, the business earned $1.93 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. 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 1.7 %

Shares of UMBF stock opened at $104.07 on Monday. The stock’s 50 day simple moving average is $104.20 and its 200 day simple moving average is $92.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73. UMB Financial has a twelve month low of $61.18 and a twelve month high of $113.30. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 13.82 and a beta of 0.78.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Tuesday, September 10th. UMB Financial’s payout ratio is 20.72%.

Insiders Place Their Bets

In other UMB Financial news, Director Tamara Peterman purchased 396 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $99.56 per share, with a total value of $39,425.76. Following the transaction, the director now directly owns 7,407 shares in the company, valued at approximately $737,440.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP John Pauls sold 1,623 shares of UMB Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total transaction of $150,890.31. Following the sale, the executive vice president now owns 7,332 shares of the company’s stock, valued at approximately $681,656.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tamara Peterman acquired 396 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the acquisition, the director now directly owns 7,407 shares in the company, valued at $737,440.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 42,596 shares of company stock valued at $4,224,884 in the last three months. Company insiders own 8.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UMBF shares. Barclays raised their price objective on UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised their price objective on UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Citigroup started coverage on UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective on the stock. Finally, Piper Sandler raised their price objective on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.33.

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.