UMB Financial (NASDAQ:UMBF) Announces Earnings Results, Beats Estimates By $0.15 EPS

UMB Financial (NASDAQ:UMBF) announced its quarterly earnings data on Tuesday. The bank reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15, Briefing.com reports. The firm had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. UMB Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 earnings per share.

UMB Financial Trading Up 3.0 %

Shares of UMB Financial stock traded up $2.97 during trading hours on Wednesday, reaching $102.02. The stock had a trading volume of 1,410,153 shares, compared to its average volume of 354,181. The firm has a 50 day simple moving average of $85.52 and a two-hundred day simple moving average of $83.15. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 13.81 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. UMB Financial has a 1 year low of $57.91 and a 1 year high of $105.21.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UMBF. Wells Fargo & Company upped their price objective on UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Barclays upped their price objective on UMB Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, June 24th. Finally, Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $93.00 to $98.00 in a research report on Friday, May 31st. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.67.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 2,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $81.39, for a total value of $162,780.00. Following the completion of the sale, the chief executive officer now owns 1,698,104 shares in the company, valued at $138,208,684.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 20,650 shares of company stock worth $1,723,425 in the last three months. 8.85% of the stock is currently owned by company insiders.

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.