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

UMB Financial (NASDAQ:UMBF) is scheduled to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect UMB Financial to post earnings of $2.16 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, beating the consensus estimate of $2.01 by $0.15. The business had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. UMB Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 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 Price Performance

Shares of UMBF stock opened at $104.07 on Monday. The stock’s fifty 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 current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 13.82 and a beta of 0.78. UMB Financial has a one year low of $61.18 and a one year high of $113.30.

UMB Financial Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on UMBF shares. 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. Wells Fargo & Company boosted their price objective on UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Piper Sandler boosted their price objective on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their price objective on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $111.33.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the sale, the chief executive officer now owns 1,600,904 shares in the company, valued at $162,988,036.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Kris A. Robbins sold 5,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the completion of the sale, the director now owns 3,211 shares in the company, valued at approximately $329,127.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,596 shares of company stock worth $4,224,884 over the last 90 days. 8.85% of the stock is owned by insiders.

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.