UMB Financial (NASDAQ:UMBF) Posts Earnings Results, Beats Estimates By $0.34 EPS

UMB Financial (NASDAQ:UMBF) announced its quarterly earnings results on Tuesday. The bank reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.34, FiscalAI reports. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The business had revenue of $772.39 million during the quarter, compared to the consensus estimate of $744.81 million.

UMB Financial Price Performance

NASDAQ UMBF traded down $0.46 during trading hours on Tuesday, reaching $133.80. The company’s stock had a trading volume of 911,514 shares, compared to its average volume of 875,909. The stock has a market cap of $10.16 billion, a PE ratio of 11.14, a PEG ratio of 0.63 and a beta of 0.82. UMB Financial has a fifty-two week low of $68.92 and a fifty-two week high of $144.36. The company’s 50-day moving average is $137.21 and its two-hundred day moving average is $130.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.

Analysts Set New Price Targets

UMBF has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of UMB Financial from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Truist Financial dropped their target price on shares of UMB Financial from $170.00 to $156.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Keefe, Bruyette & Woods lifted their price target on shares of UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Stephens began coverage on UMB Financial in a research note on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target on the stock. Finally, Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, UMB Financial has a consensus rating of “Moderate Buy” and a consensus target price of $162.86.

Insider Activity at UMB Financial

In other news, insider Phillip Mason sold 800 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total value of $117,600.00. Following the sale, the insider directly owned 8,894 shares in the company, valued at $1,307,418. This represents a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total transaction of $297,200.00. Following the transaction, the insider directly owned 11,981 shares of the company’s stock, valued at approximately $1,780,376.60. This trade represents a 14.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,544 shares of company stock valued at $3,775,862 in the last quarter. 5.33% of the stock is owned by corporate insiders.

UMB Financial Company Profile

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.