Analysts Expect UMB Financial Co. (UMBF) Will Post Quarterly Sales of $258.08 Million

Wall Street analysts expect UMB Financial Co. (NASDAQ:UMBF) to post sales of $258.08 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for UMB Financial’s earnings. The highest sales estimate is $263.00 million and the lowest is $252.54 million. UMB Financial posted sales of $255.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.2%. The firm is expected to announce its next earnings report on Tuesday, April 24th.

On average, analysts expect that UMB Financial will report full-year sales of $258.08 million for the current fiscal year, with estimates ranging from $1.04 billion to $1.08 billion. For the next financial year, analysts expect that the company will post sales of $1.13 billion per share, with estimates ranging from $1.10 billion to $1.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover UMB Financial.

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UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The company had revenue of $252.38 million for the quarter, compared to the consensus estimate of $254.98 million. UMB Financial had a return on equity of 9.05% and a net margin of 23.35%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS.

Several research firms recently issued reports on UMBF. Zacks Investment Research raised UMB Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Wednesday, March 14th. BidaskClub raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Piper Jaffray Companies upped their price objective on UMB Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Finally, Wells Fargo upped their price objective on UMB Financial from $71.00 to $75.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $78.00.

Shares of UMB Financial stock opened at $71.14 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $3,692.50, a P/E ratio of 14.31, a P/E/G ratio of 1.46 and a beta of 0.88. UMB Financial has a 52 week low of $62.27 and a 52 week high of $78.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 1.63%. UMB Financial’s dividend payout ratio is 23.34%.

In other news, insider J Walker Brian sold 3,454 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $76.36, for a total transaction of $263,747.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Murphy purchased 1,500 shares of the stock in a transaction dated Wednesday, March 14th. The shares were purchased at an average cost of $76.23 per share, for a total transaction of $114,345.00. Following the completion of the acquisition, the director now directly owns 6,135 shares in the company, valued at $467,671.05. The disclosure for this purchase can be found here. Insiders have bought a total of 1,776 shares of company stock worth $135,338 over the last three months. Insiders own 10.26% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of UMB Financial by 4.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,284,517 shares of the bank’s stock valued at $92,382,000 after buying an additional 59,467 shares during the period. American Century Companies Inc. lifted its holdings in shares of UMB Financial by 7.2% during the 4th quarter. American Century Companies Inc. now owns 1,092,091 shares of the bank’s stock valued at $78,543,000 after buying an additional 72,988 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of UMB Financial by 26.1% during the 4th quarter. Champlain Investment Partners LLC now owns 1,073,955 shares of the bank’s stock valued at $77,239,000 after buying an additional 222,205 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of UMB Financial by 5.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,011,025 shares of the bank’s stock valued at $72,712,000 after buying an additional 56,517 shares during the period. Finally, Carillon Tower Advisers Inc. bought a new position in shares of UMB Financial during the 4th quarter valued at $49,685,000. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

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UMB Financial Company Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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