UMB Financial Corporation Plans Quarterly Dividend of $0.40 (NASDAQ:UMBF)

Key Points

• UMB Financial Corporation announced a quarterly dividend of $0.40 per share, with a payment date set for October 1st for stockholders of record as of September 10th.
• The company reported a strong quarterly earnings performance, with an EPS of $2.96 exceeding expectations by $0.61, and revenues of $689.21 million, up 76.7% year-over-year.
• Analyst ratings for UMB Financial include a consensus rating of "Hold" and an average target price of $127.00, with several firms adjusting their price targets upward.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Shareholders of record on Wednesday, September 10th will be given a dividend of 0.40 per share by the bank on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, September 10th.

UMB Financial has a dividend payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect UMB Financial to earn $11.06 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 14.5%.

UMB Financial Price Performance

UMBF traded down $1.60 during trading on Friday, reaching $108.39. The stock had a trading volume of 855,112 shares, compared to its average volume of 547,012. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.77. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial has a 1-year low of $82.00 and a 1-year high of $129.94. The stock has a 50 day moving average of $104.71 and a two-hundred day moving average of $104.15.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The business had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same period in the prior year, the business posted $2.16 earnings per share. UMB Financial's revenue for the quarter was up 76.7% compared to the same quarter last year. As a group, equities analysts anticipate that UMB Financial will post 9.66 EPS for the current fiscal year.

About UMB Financial

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.