Noteworthy Price Action: UMB Financial Corp Sets 52-Week High; Strong Momentum for Holders

Noteworthy Price Action: UMB Financial Corp Sets 52 Week High; Strong Momentum for Holders

The stock of UMB Financial Corp (NASDAQ:UMBF) hit a new 52-week high and has $81.54 target or 9.00% above today’s $74.81 share price. The 6 months bullish chart indicates low risk for the $3.77B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $81.54 price target is reached, the company will be worth $339.30M 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 40,649 shares traded hands. UMB Financial Corp (NASDAQ:UMBF) has risen 38.86% since April 20, 2016 and is uptrending. It has outperformed by 34.31% 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. The stock of UMB Financial Corp (NASDAQ:UMBF) has “Overweight” rating given on Thursday, September 3 by Piper Jaffray. The stock of UMB Financial Corp (NASDAQ:UMBF) earned “Sell” rating by Zacks on Saturday, August 8. Raymond James upgraded UMB Financial Corp (NASDAQ:UMBF) on Thursday, April 28 to “Market Perform” rating.

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 decreased to 1.32 in 2016 Q2. Its down 0.48, from 1.8 in 2016Q1. The ratio fall, 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.
Delta Asset Mngmt Limited Liability Com Tn reported 5,550 shares or 0.05% of all its holdings. Us Bancorporation De accumulated 25,677 shares or 0.01% of the stock. Blackrock Fund Advsr owns 2.89 million shares or 0.03% of their US portfolio. Brandywine Investment Mgmt Ltd Liability Corp owns 141,075 shares or 0.05% of their US portfolio. Ameriprise Financial has 0.01% invested in the company for 453,881 shares. Matarin Mgmt Limited Company has 129,710 shares for 0% of their US portfolio. Paragon Capital Mgmt Limited Liability Corp, a Kansas-based fund reported 20,404 shares. Pacad Invest Ltd holds 0% of its portfolio in UMB Financial Corp (NASDAQ:UMBF) for 300 shares. Meritage Management last reported 0.22% of its portfolio in the stock. Susquehanna Intll Gru Llp accumulated 22,140 shares or 0% of the stock. Blackrock Group has 0% invested in the company for 57,259 shares. Citigroup owns 1,181 shares or 0% of their US portfolio. Swiss Fincl Bank has 70,700 shares for 0.01% of their US portfolio. Millennium Mngmt Limited Co, a New York-based fund reported 206,054 shares. Fdx Incorporated owns 6,095 shares or 0.01% of their US portfolio.

Insider Transactions: Since May 24, 2016, the stock had 3 insider purchases, and 5 insider sales for $366,111 net activity. GRAVES GREG M also bought $1,028 worth of UMB Financial Corp (NASDAQ:UMBF) shares. On Monday, August 29 the insider Swett Christian R sold $91,854. 300 shares were sold by ROBBINS KRIS A, worth $16,579 on Tuesday, June 14. The insider Brian J Walker sold $184,192. Another trade for 1,278 shares valued at $89,162 was sold by Macke Kevin M. Hagedorn Michael D also sold $434,885 worth of UMB Financial Corp (NASDAQ:UMBF) shares. Another trade for 230 shares valued at $13,342 was made by Iseman Andrew J on Friday, May 27.

Another recent and important UMB Financial Corp (NASDAQ:UMBF) news was published by Marketwatch.com which published an article titled: “UMB Financial Corp.” on May 17, 2010.

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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