UMB Financial (NASDAQ:UMBF) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

UMB Financial Co. (NASDAQ:UMBF)’s share price 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.

Analyst Ratings Changes

UMBF has been the topic of several analyst reports. Citigroup assumed coverage on UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price on the stock. Morgan Stanley assumed coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective on the stock. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada began coverage on shares of UMB Financial in a research report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price objective on the stock. Finally, Barclays raised their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.00.

UMB Financial Trading Up 1.3 %

The stock’s 50-day moving average price is $119.25 and its 200 day moving average price is $105.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $5.53 billion, a PE ratio of 14.16 and a beta of 0.82.

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

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 1.41%. UMB Financial’s dividend payout ratio is 20.00%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the transaction, the insider now directly owns 5,828 shares in the company, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction that occurred 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 in the company, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,303 shares of company stock valued at $5,879,967. Company insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several institutional investors and hedge funds have recently bought and sold shares of UMBF. Commonwealth Equity Services LLC grew its stake in UMB Financial by 61.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,659 shares of the bank’s stock worth $556,000 after buying an additional 2,538 shares during the last quarter. Natixis Advisors LLC purchased a new stake in UMB Financial during the 2nd quarter worth approximately $1,596,000. Rhumbline Advisers increased its position in shares of UMB Financial by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 163,988 shares of the bank’s stock valued at $13,680,000 after acquiring an additional 2,059 shares during the period. Arizona State Retirement System raised its position in UMB Financial by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 12,962 shares of the bank’s stock worth $1,081,000 after buying an additional 291 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its position in UMB Financial by 0.4% during the second quarter. Great Lakes Advisors LLC now owns 58,892 shares of the bank’s stock valued at $4,913,000 after purchasing an additional 210 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

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.