Wall Street brokerages expect UMB Financial Corp (NASDAQ:UMBF) to post $282.63 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for UMB Financial’s earnings, with estimates ranging from $282.00 million to $283.10 million. UMB Financial reported sales of $271.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, July 28th.
According to Zacks, analysts expect that UMB Financial will report full-year sales of $1.16 billion for the current year, with estimates ranging from $1.15 billion to $1.17 billion. For the next financial year, analysts forecast that the business will post sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for UMB Financial.
UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.91). The firm had revenue of $272.37 million during the quarter, compared to analyst estimates of $279.83 million. UMB Financial had a return on equity of 7.17% and a net margin of 14.24%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share.
Shares of UMBF stock traded down $0.43 during mid-day trading on Friday, reaching $48.21. The stock had a trading volume of 260,582 shares, compared to its average volume of 318,096. The firm’s 50 day simple moving average is $51.26 and its 200 day simple moving average is $56.34. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.05. UMB Financial has a one year low of $39.47 and a one year high of $70.26. The firm has a market cap of $2.32 billion, a PE ratio of 12.99, a P/E/G ratio of 4.35 and a beta of 1.04.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.24 annualized dividend and a yield of 2.57%. UMB Financial’s payout ratio is presently 24.85%.
In related news, CFO Ram Shankar bought 782 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $47.01 per share, for a total transaction of $36,761.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.24% of the company’s stock.
Several hedge funds have recently modified their holdings of UMBF. Charles Schwab Investment Management Inc. increased its holdings in UMB Financial by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 356,051 shares of the bank’s stock valued at $24,440,000 after purchasing an additional 7,646 shares during the period. Bank of Montreal Can grew its holdings in UMB Financial by 53.9% during the 4th quarter. Bank of Montreal Can now owns 13,624 shares of the bank’s stock worth $935,000 after acquiring an additional 4,770 shares during the period. Barclays PLC grew its stake in shares of UMB Financial by 94.2% in the 4th quarter. Barclays PLC now owns 77,858 shares of the bank’s stock valued at $5,344,000 after buying an additional 37,765 shares during the period. Fieldpoint Private Securities LLC grew its stake in shares of UMB Financial by 58.6% in the 4th quarter. Fieldpoint Private Securities LLC now owns 406 shares of the bank’s stock valued at $28,000 after buying an additional 150 shares during the period. Finally, Heartland Advisors Inc. grew its stake in shares of UMB Financial by 23.8% in the 4th quarter. Heartland Advisors Inc. now owns 260,577 shares of the bank’s stock valued at $17,886,000 after buying an additional 50,130 shares during the period. Institutional investors and hedge funds own 84.68% of the company’s stock.
About UMB Financial
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
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