UMB Financial Corp (NASDAQ:UMBF) – Equities research analysts at Piper Jaffray Companies lifted their Q3 2018 earnings per share (EPS) estimates for UMB Financial in a note issued to investors on Thursday, September 20th. Piper Jaffray Companies analyst N. Race now anticipates that the bank will post earnings of $1.09 per share for the quarter, up from their previous forecast of $1.08. Piper Jaffray Companies also issued estimates for UMB Financial’s FY2019 earnings at $4.52 EPS.
UMBF has been the subject of several other reports. BidaskClub raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research raised shares of UMB Financial from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Saturday, June 16th. Finally, ValuEngine lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $81.50.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.02). The company had revenue of $250.52 million for the quarter, compared to analyst estimates of $264.19 million. UMB Financial had a return on equity of 9.94% and a net margin of 25.18%. During the same period in the prior year, the business earned $0.90 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Monday, September 10th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, September 7th. UMB Financial’s dividend payout ratio (DPR) is presently 30.93%.
In other UMB Financial news, Director Timothy R. Murphy purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was acquired at an average cost of $74.54 per share, with a total value of $74,540.00. Following the acquisition, the director now owns 8,635 shares of the company’s stock, valued at approximately $643,652.90. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman J Mariner Kemper sold 2,200 shares of UMB Financial stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $77.11, for a total transaction of $169,642.00. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 1,323 shares of company stock valued at $98,048 and sold 28,595 shares valued at $2,159,731. Insiders own 10.26% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in UMB Financial by 25.7% during the 2nd quarter. American Century Companies Inc. now owns 1,959,907 shares of the bank’s stock valued at $149,404,000 after purchasing an additional 400,810 shares during the period. Janus Henderson Group PLC acquired a new position in UMB Financial during the 2nd quarter valued at about $20,039,000. BlackRock Inc. boosted its stake in UMB Financial by 4.6% during the 2nd quarter. BlackRock Inc. now owns 5,049,331 shares of the bank’s stock valued at $384,908,000 after purchasing an additional 220,396 shares during the period. Federated Investors Inc. PA boosted its stake in UMB Financial by 231.0% during the 2nd quarter. Federated Investors Inc. PA now owns 271,841 shares of the bank’s stock valued at $20,723,000 after purchasing an additional 189,707 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in UMB Financial during the 2nd quarter valued at about $7,120,000. 89.36% of the stock is owned by institutional investors and hedge funds.
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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