UMB Financial (NASDAQ:UMBF) Stock Crosses Above 50 Day Moving Average – Here’s Why

UMB Financial Corporation (NASDAQ:UMBF)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $134.76 and traded as high as $138.02. UMB Financial shares last traded at $136.65, with a volume of 559,959 shares.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group started coverage on UMB Financial in a report on Monday, September 14th. They set a “neutral” rating and a $155.00 target price for the company. Keefe, Bruyette & Woods lifted their price target on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Truist Financial reduced their price target on UMB Financial from $170.00 to $156.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Wells Fargo & Company decreased their price objective on UMB Financial from $160.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 29th. Finally, Citigroup dropped their price objective on UMB Financial from $162.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.64.

UMB Financial Price Performance

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $134.58 and its two-hundred day moving average price is $131.74. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 0.64 and a beta of 0.84.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 27th. The bank reported $3.56 EPS for the quarter, topping the consensus estimate of $3.22 by $0.34. UMB Financial had a return on equity of 14.07% and a net margin of 23.45%. The business had revenue of $772.39 million for the quarter, compared to analyst estimates of $744.81 million. During the same quarter in the prior year, the firm posted $2.70 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts forecast that UMB Financial Corporation will post 13.78 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Thursday, December 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, December 10th. UMB Financial’s dividend payout ratio is currently 15.14%.

Insider Transactions at UMB Financial

In other news, Director Tamara Peterman purchased 394 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average price of $139.60 per share, with a total value of $55,002.40. Following the purchase, the director directly owned 10,680 shares in the company, valued at approximately $1,490,928. This represents a 3.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kevin Gallagher sold 370 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $134.82, for a total value of $49,883.40. Following the completion of the transaction, the director owned 11,493 shares of the company’s stock, valued at $1,549,486.26. The trade was a 3.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have acquired 1,460 shares of company stock valued at $202,544. Corporate insiders own 5.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Abel Hall LLC lifted its stake in UMB Financial by 2.4% during the third quarter. Abel Hall LLC now owns 3,568 shares of the bank’s stock worth $464,000 after purchasing an additional 82 shares during the last quarter. Friday Financial increased its stake in UMB Financial by 0.3% in the third quarter. Friday Financial now owns 27,532 shares of the bank’s stock valued at $3,573,000 after purchasing an additional 87 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in UMB Financial by 1.5% during the third quarter. Hantz Financial Services Inc. now owns 6,706 shares of the bank’s stock worth $872,000 after purchasing an additional 100 shares in the last quarter. Greenleaf Trust raised its holdings in UMB Financial by 4.7% during the second quarter. Greenleaf Trust now owns 2,506 shares of the bank’s stock worth $358,000 after purchasing an additional 113 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of UMB Financial by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock valued at $820,000 after buying an additional 125 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

About UMB Financial

UMB Financial Corporation is a bank holding company headquartered in Kansas City, Missouri. Founded in 1913 as City Center Bank, it has grown into a financial services company serving individuals, businesses, institutions and government entities. Through its banking businesses, UMB offers deposit accounts, loans, treasury management and other commercial and personal banking services. Its institutional and specialized services include trust and custody, asset servicing, investment management, fund services and healthcare account solutions.