UMB Financial (NASDAQ:UMBF) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Upgrades and Downgrades

A number of equities research analysts recently issued reports on UMBF shares. Citigroup assumed coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a "buy" rating and a $127.00 price objective for the company. Royal Bank of Canada started coverage on shares of UMB Financial in a research note on Friday, November 22nd. They issued a "sector perform" rating and a $130.00 price target for the company. Barclays lifted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price objective on UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $124.00.

UMB Financial Price Performance

The company has a fifty day moving average of $119.25 and a 200-day moving average of $105.12. 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 PE ratio of 14.16 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same period in the prior year, the firm earned $2.02 earnings per share. Sell-side analysts expect that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

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

Insider Buying and Selling at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the transaction, the insider now directly owns 5,828 shares of the company's stock, valued at approximately $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 1,552,304 shares in the company, valued at $193,960,384.80. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,303 shares of company stock valued at $5,879,967 in the last quarter. Corporate insiders own 8.85% of the company's stock.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in UMB Financial in the third quarter valued at approximately $26,000. Covestor Ltd increased its holdings in shares of 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 period. Point72 Asset Management L.P. purchased a new stake in UMB Financial in the 3rd quarter valued at $83,000. Acropolis Investment Management LLC acquired a new stake in UMB Financial during the 3rd quarter worth $156,000. Finally, Heritage Family Offices LLP purchased a new position in UMB Financial during the 3rd quarter worth $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.