UMB Financial (NASDAQ:UMBF) Issues Earnings Results, Beats Estimates By $0.96 EPS

UMB Financial (NASDAQ:UMBF) issued its earnings results on Monday. The bank reported $3.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.96, MarketWatch Earnings reports. UMB Financial had a return on equity of 7.54% and a net margin of 15.62%. During the same period last year, the business posted $1.36 earnings per share.

Shares of NASDAQ UMBF traded down $1.97 during trading on Wednesday, reaching $70.02. 286,993 shares of the company traded hands, compared to its average volume of 189,364. The firm’s fifty day simple moving average is $71.24 and its 200 day simple moving average is $60.09. The stock has a market cap of $3.36 billion, a P/E ratio of 17.25 and a beta of 1.01. UMB Financial has a 12-month low of $39.47 and a 12-month high of $77.00. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.09.

In related news, CEO J Mariner Kemper sold 10,798 shares of UMB Financial stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $69.52, for a total value of $750,676.96. Following the completion of the transaction, the chief executive officer now owns 185,046 shares in the company, valued at approximately $12,864,397.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James D. Rine sold 486 shares of UMB Financial stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $71.25, for a total value of $34,627.50. The disclosure for this sale can be found here. Insiders have sold a total of 24,023 shares of company stock valued at $1,649,799 in the last quarter. Company insiders own 10.24% of the company’s stock.

A number of equities analysts recently issued reports on the company. Piper Sandler reduced their target price on UMB Financial from $51.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. Bank of America upgraded UMB Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 28th. Finally, Zacks Investment Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating and set a $70.00 price objective for the company in a research note on Monday, November 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $59.00.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. The company operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans and credit cards, letters of credit; loan syndication, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.

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Earnings History for UMB Financial (NASDAQ:UMBF)

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