UMB Financial (NASDAQ:UMBF) Posts Earnings Results, Beats Expectations By $0.24 EPS

UMB Financial (NASDAQ:UMBF) posted its quarterly earnings data on Tuesday. The bank reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.24, Zacks reports. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter last year, the business earned $2.29 earnings per share.

UMB Financial Stock Performance

NASDAQ UMBF opened at $121.62 on Wednesday. The company has a 50-day simple moving average of $119.06 and a two-hundred day simple moving average of $109.49. UMB Financial has a 12-month low of $76.00 and a 12-month high of $129.94. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 15.20 and a beta of 0.82. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley started coverage on UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target for the company. Royal Bank of Canada initiated coverage on shares of UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price for the company. Wells Fargo & Company increased their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, Barclays increased their target price on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Insider Transactions at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Pauls sold 849 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the sale, the executive vice president now owns 6,483 shares of the company’s stock, valued at $715,852.86. This represents a 11.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,303 shares of company stock worth $5,879,967. Company 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.