UMB Financial Corporation (NASDAQ:UMBF) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, UMBF to report 3Q20 income of $ 1.02 per share from revenue of $ 290.52 million.
For the full year, analysts anticipate top line of $ 1167.05 million, while looking forward to income of $ 3.30 per share bottom line.
Previous Quarter Performance
UMB Financial Corporation outlined income for the second quarter of $ 1.33 per share, from the revenue of $ 298.69 million. The quarterly earnings elevated 14.66 percent compared with the same quarter last year. Wall street analysts are predicting, UMBF to report 2Q20 income of $ 0.37 per share from revenue of $ 283.06 million. The bottom line results beat street analysts by $ 0.96 or 259.46 percent, at the same time, top line results outshined analysts by $ 15.63 million or 5.52 percent.
Stock Performance
Shares of UMB Financial Corporation traded up $ 0.68 or 1.15 percent on Friday, reaching $ 59.73 with volume of 127.30 thousand shares. UMB Financial Corporation has traded high as $ 60.58 and has cracked $ 58.75 on the downward trend
According to the previous trading day, closing price of $ 59.73, representing a 49.61 % increase from the 52 week low of $ 39.47 and a 15.96 % decrease over the 52 week high of $ 70.26.
The company has a market capital of $ 2.87 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Neutral rating, with $ 48.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.31 per share on July 28, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 10, 2020 and ex-dividend date on September 9, 2020.
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
