UMB Financial (NASDAQ:UMBF) Issues Earnings Results

UMB Financial (NASDAQ:UMBF) posted its quarterly earnings results on Tuesday. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05, Briefing.com reports. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The firm had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same quarter in the previous year, the firm earned $2.02 EPS.

UMB Financial Trading Up 0.9 %

NASDAQ:UMBF opened at $110.70 on Friday. The stock has a market cap of $5.40 billion, a P/E ratio of 13.72 and a beta of 0.78. UMB Financial has a 1 year low of $64.48 and a 1 year high of $113.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.76. The stock has a 50-day simple moving average of $105.05 and a 200-day simple moving average of $92.92.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a $0.40 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.45%. UMB Financial’s dividend payout ratio (DPR) is 19.50%.

Insider Activity

In other news, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP John Pauls sold 1,623 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $92.97, for a total value of $150,890.31. Following the transaction, the executive vice president now owns 7,332 shares in the company, valued at approximately $681,656.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,038 shares of company stock valued at $4,078,068. Insiders own 8.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UMBF. Piper Sandler raised their target price on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Barclays boosted their price target on shares of UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup assumed coverage on UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.00.

UMB Financial Company Profile

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.