UMB Financial (NASDAQ:UMBF) Issues Earnings Results, Beats Estimates By $0.09 EPS

UMB Financial (NASDAQ:UMBF - Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.16 by $0.09, Briefing.com reports. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. During the same quarter in the previous year, the firm earned $2.02 earnings per share.

UMB Financial Trading Up 4.8 %

UMBF stock traded up $5.15 on Wednesday, reaching $111.81. The company's stock had a trading volume of 509,202 shares, compared to its average volume of 358,352. UMB Financial has a 12-month low of $61.99 and a 12-month high of $113.56. The firm has a market cap of $5.45 billion, a PE ratio of 13.89 and a beta of 0.78. The business has a fifty day simple moving average of $104.56 and a two-hundred day simple moving average of $92.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73.

Insider Activity at UMB Financial

In other UMB Financial news, Director Tamara Peterman purchased 396 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $99.56 per share, with a total value of $39,425.76. Following the transaction, the director now directly owns 7,407 shares in the company, valued at approximately $737,440.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Robert Brian Beaird sold 698 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $93.19, for a total transaction of $65,046.62. Following the completion of the transaction, the insider now directly owns 6,682 shares of the company's stock, valued at $622,695.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Peterman purchased 396 shares of the business's stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $99.56 per share, with a total value of $39,425.76. Following the completion of the purchase, the director now owns 7,407 shares in the company, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 42,596 shares of company stock worth $4,224,884 over the last ninety days. 8.85% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Citigroup began coverage on UMB Financial in a research report on Thursday, October 10th. They issued a "buy" rating and a $127.00 target price for the company. Wells Fargo & Company increased their target price on shares of UMB Financial from $90.00 to $107.00 and gave the company an "equal weight" rating in a report on Thursday, August 1st. Barclays upped their price target on shares of UMB Financial from $100.00 to $114.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Finally, Piper Sandler lifted their price objective on UMB Financial from $102.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.33.

About UMB Financial

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.