UMB Financial (UMBF) Scheduled to Post Earnings on Tuesday
UMB Financial (NASDAQ:UMBF) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect UMB Financial to post earnings of $1.10 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 29th. The bank reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.55). UMB Financial had a return on equity of 9.12% and a net margin of 17.25%. The firm had revenue of $256.81 million during the quarter, compared to the consensus estimate of $261.28 million. On average, analysts expect UMB Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of UMBF stock opened at $65.68 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. UMB Financial has a 12 month low of $57.00 and a 12 month high of $82.14. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.89 and a beta of 0.85.
In other news, EVP Shannon Andresen Johnson sold 1,504 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $66.57, for a total value of $100,121.28. Following the completion of the transaction, the executive vice president now directly owns 9,049 shares of the company’s stock, valued at approximately $602,391.93. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy R. Murphy bought 4,000 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was bought at an average cost of $64.63 per share, with a total value of $258,520.00. Following the completion of the acquisition, the director now owns 12,635 shares in the company, valued at approximately $816,600.05. The disclosure for this purchase can be found here. 10.45% of the stock is currently owned by company insiders.
UMBF has been the subject of a number of research reports. Raymond James downgraded UMB Financial from an “outperform” rating to a “mkt perform” rating in a research report on Monday, January 7th. Bank of America downgraded UMB Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, January 10th. BidaskClub downgraded UMB Financial from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. ValuEngine upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research downgraded UMB Financial from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $77.00.
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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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