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

UMB Financial Corporation (NASDAQ:UMBF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $112.08 and traded as high as $121.01. UMB Financial shares last traded at $119.79, with a volume of 512,195 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial increased their target price on shares of UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $135.00 price objective (down previously from $138.00) on shares of UMB Financial in a research report on Thursday, October 30th. TD Cowen dropped their price objective on UMB Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company upped their target price on UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Finally, Hovde Group assumed coverage on UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

UMB Financial Stock Down 0.7%

The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $111.82 and a two-hundred day simple moving average of $112.12. The firm has a market cap of $9.03 billion, a PE ratio of 13.47, a P/E/G ratio of 1.20 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. The firm had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The company’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 EPS. Analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, December 10th. UMB Financial’s payout ratio is 19.48%.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 15,367 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares of the company’s stock, valued at approximately $174,323,616.12. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikki Farentino Newton sold 1,300 shares of UMB Financial stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total transaction of $137,917.00. Following the completion of the transaction, the insider owned 13,667 shares in the company, valued at approximately $1,449,932.03. The trade was a 8.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,127 shares of company stock worth $1,949,594 over the last 90 days. Company insiders own 5.45% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group increased its stake in UMB Financial by 4,840.0% in the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock worth $25,000 after purchasing an additional 242 shares during the period. McIlrath & Eck LLC bought a new position in shares of UMB Financial in the first quarter worth approximately $29,000. Farther Finance Advisors LLC increased its stake in shares of UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after buying an additional 171 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in UMB Financial during the 1st quarter valued at $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in UMB Financial by 143.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock valued at $37,000 after buying an additional 213 shares during the period. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.