Research analysts set expectations for UMB Financial Co. first quarter 2022 earnings (NASDAQ: UMBF)

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UMB Financial Co. (NASDAQ: UMBF) – Piper Sandler lowered her earnings estimates for the first quarter of 2022 for shares of UMB Financial in a research note published on Wednesday, October 27. Piper Sandler N. Race analyst now expects the bank to post earnings of $ 1.60 per share for the quarter, down from its previous forecast of $ 1.63. Piper Sandler also released estimates for UMB Financial’s earnings for fiscal 2022 at $ 6.44 per share and for earnings for fiscal 2023 at $ 6.86 per share. UMB Financial (NASDAQ: UMBF) last released its quarterly results on Monday, October 25. The bank reported earnings per share (EPS) of $ 1.95 for the quarter, beating Thomson Reuters consensus estimate of $ 1.80 by $ 0.15. UMB Financial recorded a return on equity of 13.90% and a net margin of 29.15%. The company posted revenue of $ 317.67 million in the quarter, compared to analysts’ expectations of $ 322.80 million. In the same quarter of the previous year, the company posted earnings per share of $ 1.59. The company’s revenue for the quarter increased 6.8% compared to the same quarter last year.

Separately, Wells Fargo & Company raised its price target on UMB Financial from $ 110.00 to $ 115 and assigned the company an “overweight” rating in a report released on Thursday, October 7.

Actions of UMB financial actions open for $ 98.82 Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt ratio of 0.09. The company has a market cap of $ 4.78 billion, a price-to-earnings ratio of 11.68 and a beta of 1.08. The company has a fifty-day simple moving average of $ 95.39 and a 200-day simple moving average of $ 94.25. UMB Financial has a fifty-two week low of $ 60.21 and a fifty-two week high of $ 104.98.

Institutional investors recently changed their positions in the stock. Lazard Asset Management LLC purchased a new stake in UMB Financial in the 1st quarter valued at approximately $ 28,000. Eaton Vance Management acquired a new position in UMB Financial in Q1 worth approximately $ 55,000. Heritage Wealth Management LLC acquired a new position in UMB Financial in the 2nd quarter valued at approximately $ 64,000. The Toronto Dominion Bank increased its position in UMB Financial by 40.8% in the second quarter. The Toronto Dominion Bank now owns 701 shares of the bank valued at $ 65,000 after purchasing 203 additional shares in the last quarter. Finally, in the second quarter Amundi acquired a new position in UMB Financial for an amount of approximately $ 223,000. 84.83% of the shares are held by hedge funds and other institutional investors.

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In other news, the CEO J Mariner Kemper sold 2,200 shares of the company in a trade on Thursday, September 2. The stock was sold at an average price of $ 91.01, for a total trade of $ 200,222.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through this link. In addition, director Alexander C. Kemper sold 2,630 shares of the company in a trade on Friday August 6. The shares were sold for an average price of $ 95.94, for a total value of $ 252,322.20. As a result of the sale, the Director now directly owns 10,459 shares of the company, valued at $ 1,003,436.46. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 7,030 shares of the company valued at $ 672,434. Insiders own 10.16% of the shares of the company.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3. Shareholders of record on Friday, December 10 will receive a dividend of $ 0.37. The ex-dividend date is Thursday, December 9. This represents an annualized dividend of $ 1.48 and a dividend yield of 1.50%. UMB Financial’s dividend payout ratio (DPR) is 24.18%.

About UMB Financial

UMB Financial Corp. operates as a financial holding company, which provides banking and asset services. It operates in the following segments: commercial banking, institutional banking and personal banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets and cash management needs of the Company’s mid-sized businesses and government entities by offering a variety of products and services.

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History and revenue estimates for UMB Financial (NASDAQ: UMBF)

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