UMB Financial (NASDAQ:UMBF) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

UMB Financial (NASDAQ:UMBF) posted its quarterly earnings data on Tuesday. The bank reported $2.49 EPS for the quarter, topping the consensus estimate of $2.25 by $0.24, Zacks reports. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%.

UMB Financial Price Performance

Shares of UMB Financial stock traded up $0.51 during trading hours on Tuesday, reaching $121.62. The stock had a trading volume of 1,100,719 shares, compared to its average volume of 518,163. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial has a twelve month low of $76.00 and a twelve month high of $129.94. The stock’s 50 day moving average is $119.05 and its 200 day moving average is $109.04. The firm has a market capitalization of $5.94 billion, a PE ratio of 15.20 and a beta of 0.82.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the completion of the sale, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at $171,581,813.32. The trade was a 1.52 % 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, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the transaction, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,303 shares of company stock worth $5,879,967. 8.85% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Morgan Stanley initiated coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Citigroup started coverage on UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. Finally, Royal Bank of Canada began coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price for the company. One equities 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 stock. Based on data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus price target of $124.00.

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.