The stock of UMB Financial Corp (NASDAQ:UMBF) hit a new 52-week high and has $78.46 target or 5.00% above today’s $74.72 share price. The 5 months bullish chart indicates low risk for the $3.67B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $78.46 price target is reached, the company will be worth $183.50 million 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. The stock decreased 1.01% or $0.76 during the last trading session, hitting $74.72. About 149,297 shares traded hands. UMB Financial Corp (NASDAQ:UMBF) has risen 42.68% since April 25, 2016 and is uptrending. It has outperformed by 36.67% the S&P500.
Analysts await UMB Financial Corp (NASDAQ:UMBF) to report earnings on January, 24. They expect $0.85 EPS, up 41.67% or $0.25 from last year’s $0.6 per share. UMBF’s profit will be $41.75 million for 21.98 P/E if the $0.85 EPS becomes a reality. After $0.87 actual EPS reported by UMB Financial Corp for the previous quarter, Wall Street now forecasts -2.30% negative EPS growth.
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 company was upgraded on Thursday, April 28 by Raymond James. The rating was maintained by Piper Jaffray with “Overweight” on Thursday, September 3. The company was upgraded on Saturday, August 8 by Zacks.
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 is negative, 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.
Vanguard has 3.65M shares for 0.01% of their US portfolio. Cornerstone Mgmt Lc, a New York-based fund reported 10,346 shares. Oppenheimer & Com, a New York-based fund reported 119,520 shares. Tiaa Cref Inv Ltd Liability Corp last reported 144,316 shares in the company. First Interstate State Bank has 300 shares for 0% of their US portfolio. Manufacturers Life The last reported 0% of its portfolio in the stock. Texas Permanent School Fund reported 32,159 shares or 0.02% of all its holdings. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0% in UMB Financial Corp (NASDAQ:UMBF). Moreover, Pacad Inv has 0% invested in UMB Financial Corp (NASDAQ:UMBF) for 300 shares. Rice Hall James & Associate Ltd Llc, a California-based fund reported 344,184 shares. Stevens Mgmt L P accumulated 0.03% or 13,842 shares. Blackrock Investment Management has invested 0.01% of its portfolio in UMB Financial Corp (NASDAQ:UMBF). The New York-based Morgan Stanley has invested 0% in UMB Financial Corp (NASDAQ:UMBF). Sector Pension Board has 0.02% invested in the company for 29,455 shares. Checchi Capital Advisers Limited Liability Co has 141 shares for 0% of their US portfolio.
Insider Transactions: Since June 14, 2016, the stock had 3 insider buys, and 4 sales for $352,769 net activity. GRAVES GREG M bought $1,028 worth of stock. Another trade for 300 shares valued at $16,579 was sold by ROBBINS KRIS A. On Monday, August 29 the insider Swett Christian R sold $91,854. On Wednesday, August 31 Brian J Walker sold $184,192 worth of the stock or 3,047 shares. The insider Macke Kevin M sold $89,162.
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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