UMB Financial (NASDAQ:UMBF) Reports Strong Quarterly Earnings

UMB Financial (NASDAQ:UMBF) released its quarterly earnings results on Tuesday, reporting a profit of $2.25 earnings per share (EPS) for the period. This figure surpassed analysts' estimates, which projected earnings of $2.16, marking a positive difference of $0.09.

The bank demonstrated a solid financial performance with a net margin of 14.55% and a return on equity of 14.23%. In the same quarter last year, UMB Financial reported earnings of $2.02 EPS, indicating growth year-over-year.

Stock Performance and Market Indicators

On Wednesday, shares of UMB Financial opened at $106.66. The company's fifty-day moving average stands at $104.56, while the two-hundred-day moving average is at $92.67. Overall, UMB Financial has a market capitalization of $5.20 billion and a price-to-earnings (PE) ratio of 13.76. The stock has demonstrated a beta of 0.78, indicating lower volatility compared to the broader market. Current financial ratios reveal a quick ratio of 0.73, a current ratio of 0.73, and a debt-to-equity ratio of 0.12. Over the past year, the stock has seen a low of $61.72 and a high of $113.30.

Analyst Ratings and Price Targets

Recent analyst assessments have been positive regarding UMB Financial's performance. Citigroup began coverage of the stock with a 'buy' rating and set a price target of $127.00. Additionally, Piper Sandler raised their target price from $102.00 to $120.00, maintaining an 'overweight' rating. Barclays also increased their price target from $100.00 to $114.00 with an 'overweight' rating. Wells Fargo & Company similarly adjusted their price objective from $90.00 to $107.00, giving it an 'equal weight' rating. In total, two analysts assigned a hold rating, four analysts recommended buying the stock, and one gave a strong buy rating. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $111.33.

Insider Transactions

In relevant news about insider activities, CEO J. Mariner Kemper sold 24,300 shares of UMB Financial on October 1st at an average price of $101.81, amounting to a transaction value of $2,473,983. Following this sale, the CEO holds approximately 1,600,904 shares valued at around $162,988,036.24, reflecting no significant change in percentage ownership. Furthermore, Director Tamara Peterman acquired 396 shares at an average price of $99.56, totaling approximately $39,425.76. Following this purchase, she now owns 7,407 shares with a market value of $737,440.92, representing a slight increase in her position. Over the last three months, insiders have sold 42,596 shares valued at $4,224,884, while corporate insiders collectively own 8.85% of the company's shares.

About UMB Financial

UMB Financial Corporation operates as a bank holding company, providing various banking services and asset management both in the United States and internationally. The Commercial Banking segment offers a wide range of services, including commercial loans, credit cards, real estate financing, letters of credit, and treasury management, ensuring comprehensive financial solutions for businesses.

Earnings, Finance, Stocks