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

UMB Financial (NASDAQ:UMBF - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $2.16 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.15. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The business had revenue of $390.03 million during the quarter, compared to analyst estimates of $384.96 million. During the same period last year, the company earned $1.93 EPS. The company's revenue for the quarter was up 7.2% on a year-over-year basis. 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 Trading Up 0.2 %

NASDAQ:UMBF traded up $0.18 during midday trading on Tuesday, hitting $106.81. 260,736 shares of the company traded hands, compared to its average volume of 356,460. The firm's fifty day moving average is $103.63 and its 200-day moving average is $91.83. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. UMB Financial has a 12-month low of $58.92 and a 12-month high of $113.30. The firm has a market capitalization of $5.21 billion, a P/E ratio of 13.78 and a beta of 0.78.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.56 annualized dividend and a yield of 1.46%. UMB Financial's payout ratio is currently 20.13%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UMBF. Citigroup initiated coverage on UMB Financial in a research report on Thursday, October 10th. They set a "buy" rating and a $127.00 price target on the stock. Barclays raised their target price 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. Wells Fargo & Company upped their price target on shares of UMB Financial from $90.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 1st. Finally, Piper Sandler increased their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, UMB Financial presently has an average rating of "Moderate Buy" and a consensus price target of $105.86.

Insider Buying and Selling

In other news, insider Robert Brian Beaird sold 698 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $93.19, for a total transaction of $65,046.62. Following the transaction, the insider now directly owns 6,682 shares of the company's stock, valued at approximately $622,695.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Robert Brian Beaird sold 698 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $93.19, for a total transaction of $65,046.62. Following the sale, the insider now owns 6,682 shares in the company, valued at approximately $622,695.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tamara Peterman acquired 396 shares of the firm's 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 completion of the transaction, the director now directly owns 7,407 shares in the company, valued at $737,440.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 42,596 shares of company stock worth $4,224,884 in the last 90 days. 8.85% of the stock is owned by corporate insiders.

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.