UMB Financial (NASDAQ:UMBF) Stock Crosses Above 200 Day Moving Average – Should You Sell?

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

Several research firms have recently weighed in on UMBF. Royal Bank of Canada initiated coverage on shares of UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective on the stock. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Wells Fargo & Company increased their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Finally, Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

UMB Financial Stock Performance

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 stock has a market cap of $5.53 billion, a PE ratio of 14.16 and a beta of 0.82. The business has a 50 day moving average price of $119.25 and a two-hundred day moving average price of $105.12.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter in the prior year, the company posted $2.02 EPS. As a group, equities research analysts forecast that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced 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 of this dividend was Tuesday, December 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. UMB Financial’s dividend payout ratio (DPR) is presently 20.00%.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the company’s 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the sale, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,303 shares of company stock valued at $5,879,967 in the last 90 days. Insiders own 8.85% of the company’s stock.

Institutional Trading of UMB Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in shares of UMB Financial by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock worth $146,196,000 after acquiring an additional 111,090 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in UMB Financial by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after purchasing an additional 100,000 shares during the period. Geode Capital Management LLC raised its holdings in UMB Financial by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after purchasing an additional 21,091 shares in the last quarter. FMR LLC lifted its position in UMB Financial by 2.7% during the third quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after buying an additional 24,799 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after buying an additional 694,751 shares in the last quarter. 87.78% of the stock is currently 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.