UMB Financial (NASDAQ:UMBF) Announces Quarterly Earnings Results

Key Points

• UMB Financial exceeded quarterly expectations, reporting EPS of $3.56 versus the $3.22 consensus estimate and revenue of $772.39 million compared with forecasts of $744.81 million. Net margin was 21.64%, while return on equity reached 13.41%.
• Shares traded at $133.80, giving the company a market capitalization of approximately $10.16 billion. The stock has ranged from $68.92 to $144.36 over the past year.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $162.86. Insiders sold 25,544 shares worth approximately $3.78 million over the past 90 days.

UMB Financial (NASDAQ:UMBF - Get Free Report) announced its quarterly earnings results on Tuesday. The bank reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.34, FiscalAI reports. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The firm had revenue of $772.39 million for the quarter, compared to analyst estimates of $744.81 million.

UMB Financial Price Performance

Shares of UMB Financial stock traded down $0.46 during mid-day trading on Tuesday, reaching $133.80. 911,506 shares of the stock were exchanged, compared to its average volume of 875,909. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.63 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $137.21 and a 200 day simple moving average of $130.87. UMB Financial has a fifty-two week low of $68.92 and a fifty-two week high of $144.36.

Insider Activity

In other news, insider Robert Beaird sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $144.40, for a total transaction of $231,040.00. Following the completion of the sale, the insider owned 8,943 shares of the company's stock, valued at approximately $1,291,369.20. This trade represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO J. Kemper sold 15,062 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the sale, the chief executive officer directly owned 1,491,138 shares of the company's stock, valued at approximately $221,508,549.90. The trade was a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,544 shares of company stock worth $3,775,862 over the last ninety days. Corporate insiders own 5.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays reiterated an "overweight" rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research report on Monday, August 3rd. Stephens started coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They issued an "overweight" rating and a $167.00 price target for the company. UBS Group assumed coverage on shares of UMB Financial in a research note on Monday, September 14th. They set a "neutral" rating and a $155.00 price target for the company. Citigroup reaffirmed a "neutral" rating and set a $162.00 price objective (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Finally, Piper Sandler reiterated an "overweight" rating and issued a $181.00 price objective (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial has a consensus rating of "Moderate Buy" and an average price target of $162.86.

UMB Financial Company Profile

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.

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