UMB Financial (NASDAQ:UMBF) Releases Earnings Results, Beats Estimates By $0.39 EPS

by · The Cerbat Gem

UMB Financial (NASDAQ:UMBF – Get Free Report) announced its earnings results on Tuesday. The bank reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.39, FiscalAI reports. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The business had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million.

UMB Financial Stock Performance

UMB Financial stock traded up $2.36 during midday trading on Tuesday, reaching $124.86. 910,064 shares of the company’s stock were exchanged, compared to its average volume of 450,380. The stock’s 50-day simple moving average is $117.07 and its 200 day simple moving average is $115.38. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 1.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial has a 52 week low of $82.00 and a 52 week high of $129.18.

Insiders Place Their Bets

In other news, insider Nikki Farentino Newton sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total transaction of $137,917.00. Following the completion of the sale, the insider owned 13,667 shares in the company, valued at approximately $1,449,932.03. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 15,367 shares of UMB Financial stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the sale, the chief executive officer directly owned 1,521,414 shares of the company’s stock, valued at $174,323,616.12. The trade was a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,127 shares of company stock worth $1,949,594 in the last quarter. Insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its holdings in UMB Financial by 5.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,668 shares of the bank’s stock valued at $434,000 after purchasing an additional 203 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of UMB Financial in the third quarter valued at approximately $917,000. Coldstream Capital Management Inc. raised its position in shares of UMB Financial by 55.9% in the third quarter. Coldstream Capital Management Inc. now owns 3,201 shares of the bank’s stock valued at $379,000 after buying an additional 1,148 shares in the last quarter. Danske Bank A S bought a new stake in shares of UMB Financial in the third quarter valued at approximately $96,000. Finally, Hancock Whitney Corp grew its position in UMB Financial by 166.8% during the third quarter. Hancock Whitney Corp now owns 8,077 shares of the bank’s stock worth $956,000 after buying an additional 5,050 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UMBF. Hovde Group started coverage on shares of UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating on the stock. Royal Bank Of Canada set a $134.00 target price on shares of UMB Financial and gave the company an “outperform” rating in a research report on Monday, January 12th. Barclays set a $155.00 price target on shares of UMB Financial and gave the company an “overweight” rating in a research note on Wednesday, October 8th. TD Cowen restated a “buy” rating on shares of UMB Financial in a research note on Wednesday, January 7th. Finally, Morgan Stanley lifted their target price on UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and an average price target of $137.10.

View Our Latest Report on UMBF

UMB Financial Company Profile

(Get Free Report)

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.

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