UMB Financial (NASDAQ:UMBF) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

UMB Financial Corporation (NASDAQ:UMBF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $112.87 and traded as high as $119.45. UMB Financial shares last traded at $117.16, with a volume of 516,913 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UMBF shares. Wells Fargo & Company raised their target price on UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $135.00 price target (down from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. Cowen started coverage on shares of UMB Financial in a research report on Wednesday, September 24th. They set a “buy” rating for the company. Barclays set a $155.00 target price on shares of UMB Financial and gave the company an “overweight” rating in a report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price target on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

UMB Financial Stock Down 1.5%

The business’s fifty day moving average price is $112.49 and its 200 day moving average price is $112.87. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.19 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07.

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

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be given a $0.43 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, December 10th. This represents a $1.72 annualized dividend and a yield of 1.5%. UMB Financial’s payout ratio is presently 19.48%.

Insider Buying and Selling

In related news, Director Greg M. Graves acquired 264 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $106.41 per share, with a total value of $28,092.24. Following the transaction, the director owned 38,411 shares of the company’s stock, valued at $4,087,314.51. The trade was a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nikki Farentino Newton sold 1,300 shares of UMB Financial stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total value of $137,917.00. Following the completion of the transaction, the insider owned 13,667 shares in the company, valued at $1,449,932.03. This trade represents a 8.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,127 shares of company stock valued at $1,949,594 in the last quarter. 5.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of UMB Financial by 143.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock worth $37,000 after acquiring an additional 213 shares during the period. Ieq Capital LLC acquired a new position in UMB Financial during the 1st quarter worth approximately $719,000. Evergreen Capital Management LLC acquired a new position in UMB Financial during the 1st quarter worth approximately $456,000. Vident Advisory LLC purchased a new position in shares of UMB Financial during the 1st quarter worth approximately $202,000. Finally, MAI Capital Management lifted its holdings in shares of UMB Financial by 14.7% in the 1st quarter. MAI Capital Management now owns 771 shares of the bank’s stock valued at $78,000 after buying an additional 99 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

About UMB Financial

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.