UMB Financial (UMBF) Scheduled to Post Earnings on Tuesday

UMB Financial (NASDAQ:UMBF) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect UMB Financial to post earnings of $1.80 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. The firm had revenue of $370.80 million during the quarter, compared to analysts’ expectations of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. On average, analysts expect UMB Financial to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

UMB Financial Trading Up 2.6 %

UMB Financial stock opened at $83.56 on Tuesday. The stock has a market cap of $4.07 billion, a PE ratio of 11.64 and a beta of 0.83. The stock has a 50-day moving average price of $81.67 and a 200 day moving average price of $77.11. UMB Financial has a 52 week low of $50.68 and a 52 week high of $87.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, March 8th. UMB Financial’s payout ratio is 21.73%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company raised their price target on UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 10th. Barclays assumed coverage on UMB Financial in a research note on Friday, March 8th. They issued an “equal weight” rating and a $91.00 price target on the stock. Raymond James raised their price target on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 1st. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Finally, Piper Sandler raised their price target on UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and an average target price of $88.00.

Insider Activity

In other news, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total value of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at approximately $1,228,011.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Kevin Charles Gallagher sold 625 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $80.21, for a total transaction of $50,131.25. Following the sale, the director now directly owns 12,859 shares in the company, valued at approximately $1,031,420.39. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Abigail M. Wendel sold 1,182 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the sale, the insider now owns 15,217 shares in the company, valued at $1,228,011.90. The disclosure for this sale can be found here. Insiders have sold 27,277 shares of company stock valued at $2,264,661 in the last three months. Corporate insiders own 8.85% of the company’s stock.

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.