UMB Financial (NASDAQ:UMBF) Issues Earnings Results

UMB Financial (NASDAQ:UMBF) posted its earnings results on Tuesday. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.09, Briefing.com reports. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. During the same quarter last year, the company posted $2.02 EPS.

UMB Financial Trading Down 0.4 %

Shares of UMBF opened at $106.66 on Wednesday. The firm’s fifty day moving average is $104.56 and its two-hundred day moving average is $92.67. The stock has a market cap of $5.20 billion, a PE ratio of 13.76 and a beta of 0.78. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.12. UMB Financial has a 52-week low of $61.72 and a 52-week high of $113.30.

Wall Street Analysts Forecast Growth

UMBF has been the subject of a number of analyst reports. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. Piper Sandler increased their target price on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Barclays lifted their price target on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company upped their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.33.

Insider Transactions at UMB Financial

In other UMB Financial news, 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 in the company, valued at approximately $162,988,036.24. This 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 the SEC website. In other news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 directly owns 1,600,904 shares in the company, valued at $162,988,036.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tamara Peterman acquired 396 shares of UMB Financial stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the transaction, the director now owns 7,407 shares of the company’s stock, valued at $737,440.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 42,596 shares of company stock valued at $4,224,884. Corporate insiders own 8.85% of the company’s stock.

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.