UMB Financial (NASDAQ:UMBF) Share Price Passes Above 200 Day Moving Average – Here’s Why

UMB Financial Co. (NASDAQ:UMBF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $105.12 and traded as high as $113.43. UMB Financial shares last traded at $113.25, with a volume of 308,934 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped 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 initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. Morgan Stanley began coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. Finally, Royal Bank of Canada began coverage on UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 target price for the company. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

UMB Financial Stock Up 1.3 %

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.53 billion, a P/E ratio of 14.16 and a beta of 0.82. The company’s 50 day moving average price is $119.25 and its two-hundred day moving average price is $105.12.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same period in the prior year, the company earned $2.02 earnings per share. Equities analysts forecast that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is currently 20.00%.

Insiders Place Their Bets

In other news, Director Greg M. Graves acquired 258 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the transaction, the director now directly owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,303 shares of company stock worth $5,879,967 over the last quarter. 8.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of UMB Financial during the third quarter valued at approximately $26,000. Covestor Ltd increased its holdings in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in UMB Financial in the 3rd quarter worth $83,000. Acropolis Investment Management LLC bought a new position in shares of UMB Financial during the 3rd quarter valued at about $156,000. Finally, Heritage Family Offices LLP bought a new stake in shares of UMB Financial in the third quarter worth about $203,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

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.