Notable Price Action: What’s Ahead for UMB Financial Corp After Making 52-Week High?

Notable Price Action: What's Ahead for UMB Financial Corp After Making 52 Week High?

The stock of UMB Financial Corp (NASDAQ:UMBF) hit a new 52-week high and has $84.66 target or 35.00% above today’s $62.71 share price. The 5 months bullish chart indicates low risk for the $3.11B company. The 1-year high was reported on Nov, 7 by If the $84.66 price target is reached, the company will be worth $1.09B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 97,193 shares traded hands. UMB Financial Corp (NASDAQ:UMBF) has risen 18.94% since April 5, 2016 and is uptrending. It has outperformed by 16.98% the S&P500.

UMB Financial Corp (NASDAQ:UMBF) Ratings Coverage

Out of 4 analysts covering UMB Financial (NASDAQ:UMBF), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. UMB Financial has been the topic of 6 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of UMBF in a report on Saturday, August 8 to “Sell” rating. The rating was maintained by Piper Jaffray on Thursday, September 3 with “Overweight”. As per Thursday, April 28, the company rating was upgraded by Raymond James.

According to Zacks Investment Research, “UMB Financial Corporation is a financial services holding company engaged in providing complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Subsidiaries of the holding company and the lead bank, UMB Bank include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company’s proprietary mutual funds and investment advisory accounts for institutional customers. The Company has banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Financial Corporation is headquartered in Kansas.”

Insitutional Activity: The institutional sentiment increased to 1.8 in 2016 Q2. Its up 0.49, from 1.31 in 2016Q1. The ratio increased, as 7 funds sold all UMB Financial Corp shares owned while 42 reduced positions. 19 funds bought stakes while 69 increased positions. They now own 41.14 million shares or 4.27% less from 42.98 million shares in 2016Q1.
Amg Natl Trust Commercial Bank last reported 0.07% of its portfolio in the stock. Deutsche State Bank Ag, a Germany-based fund reported 93,515 shares. Guggenheim Cap Lc accumulated 7,485 shares or 0% of the stock. Manufacturers Life Insurance The has 30,091 shares for 0% of their US portfolio. Rafferty Asset Mngmt Ltd holds 0.04% or 10,621 shares in its portfolio. Alliancebernstein L P has 0% invested in the company for 67,451 shares. Glenmede Trust Na, a Pennsylvania-based fund reported 740 shares. Umb National Bank & Trust N A Mo holds 14.05% or 6.27M shares in its portfolio. Fincl Counselors last reported 94,103 shares in the company. Ridgeworth Capital Management Ltd Liability holds 0.39% or 826,331 shares in its portfolio. Utd Svcs Automobile Association holds 0.01% or 65,700 shares in its portfolio. Aperio Gru Limited Liability Co has 0.01% invested in the company for 12,880 shares. American Gp Inc accumulated 0% or 32,940 shares. Citigroup holds 0% of its portfolio in UMB Financial Corp (NASDAQ:UMBF) for 1,181 shares. Proshare Advsr Lc accumulated 0.03% or 45,774 shares.

Insider Transactions: Since May 24, 2016, the stock had 3 buys, and 7 sales for $2.26 million net activity. 234 shares were bought by GRAVES GREG M, worth $14,478. $184,192 worth of UMB Financial Corp (NASDAQ:UMBF) was sold by Brian J Walker on Wednesday, August 31. The insider ROBBINS KRIS A sold 300 shares worth $16,579. On Wednesday, May 25 Hagedorn Michael D sold $434,885 worth of the stock or 7,573 shares. Iseman Andrew J sold $13,342 worth of stock. $91,854 worth of UMB Financial Corp (NASDAQ:UMBF) shares were sold by Swett Christian R.

Another recent and important UMB Financial Corp (NASDAQ:UMBF) news was published by which published an article titled: “UMB Financial Corporation Finalizes Acquisition of Marquette Financial Companies” on June 01, 2015.

UMBF Company Profile

UMB Financial Corporation is a diversified financial holding company. The Firm supplies banking services, institutional investment management, asset servicing and payment solutions to its clients in the United States and around the globe. The Company’s divisions include Bank; Payment Solutions; Institutional Investment Management, and Asset Servicing. The Company’s subsidiaries include Scout Investments, Inc. (Scout), an institutional asset-management company, and UMB Fund Services, Inc. (UMBFS), which provides fund accounting, transfer agency, and other services to mutual fund and alternative-investment groups. Scout offers domestic and international equity strategies through its Scout Asset Management Division and fixed income strategies through its Reams Asset Management Division.

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