UMB Financial Corporation (UMBF)’s Trend Up, Especially After Today’s 52-Week High Milestone

May 17, 2018 - By Paula Hilliard

UMB Financial Corporation (NASDAQ:UMBF) Logo

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.11, from 1.04 in 2017Q3. It is positive, as 10 investors sold UMB Financial Corporation shares while 64 reduced holdings. 28 funds opened positions while 57 raised stakes. 40.70 million shares or 0.99% more from 40.30 million shares in 2017Q3 were reported.
Rhumbline Advisers owns 95,191 shares. Pinebridge Investments Ltd Partnership has invested 0.05% of its portfolio in UMB Financial Corporation (NASDAQ:UMBF). 215,808 are held by Deutsche Savings Bank Ag. Farmers & Merchants Investments Incorporated reported 10,856 shares. Diversified Trust reported 0.01% stake. 14,706 are owned by Country Club Trust Na. Brown Advisory accumulated 0.02% or 82,330 shares. First Bank & Trust Of Omaha owns 42,183 shares or 0.18% of their US portfolio. Comerica Bancshares invested in 0.03% or 64,387 shares. Moreover, Hillcrest Asset has 2.05% invested in UMB Financial Corporation (NASDAQ:UMBF) for 150,401 shares. First Interstate Bankshares reported 0% of its portfolio in UMB Financial Corporation (NASDAQ:UMBF). Oberweis Asset Management Inc holds 5,950 shares or 0.1% of its portfolio. Employees Retirement Association Of Colorado owns 7,587 shares for 0% of their portfolio. Amalgamated Bancorp has invested 0.01% of its portfolio in UMB Financial Corporation (NASDAQ:UMBF). Moreover, Bokf Na has 0.01% invested in UMB Financial Corporation (NASDAQ:UMBF) for 2,924 shares.

Since December 13, 2017, it had 3 buys, and 9 sales for $3.14 million activity. On Friday, February 16 the insider Brian J Walker sold $263,733. Another trade for 1,862 shares valued at $136,854 was made by Swett Christian R on Wednesday, December 13. 1,500 shares were bought by Murphy Timothy R., worth $114,345. $1.19M worth of UMB Financial Corporation (NASDAQ:UMBF) shares were sold by KEMPER J MARINER. Another trade for 8,855 shares valued at $683,017 was made by Hagedorn Michael D on Friday, April 27. On Tuesday, May 8 the insider Pauls John sold $36,903.

The stock of UMB Financial Corporation (NASDAQ:UMBF) hit a new 52-week high and has $82.04 target or 3.00 % above today’s $79.65 share price. The 8 months bullish chart indicates low risk for the $3.99B company. The 1-year high was reported on May, 17 by Barchart.com. If the $82.04 price target is reached, the company will be worth $119.61M 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 increased 0.10% or $0.08 during the last trading session, reaching $79.65. About 380,890 shares traded or 86.97% up from the average. UMB Financial Corporation (NASDAQ:UMBF) has declined 2.24% since May 17, 2017 and is downtrending. It has underperformed by 13.79% the S&P500.

Analysts await UMB Financial Corporation (NASDAQ:UMBF) to report earnings on July, 24. They expect $1.14 earnings per share, up 26.67 % or $0.24 from last year’s $0.9 per share. UMBF’s profit will be $57.06 million for 17.47 P/E if the $1.14 EPS becomes a reality. After $1.18 actual earnings per share reported by UMB Financial Corporation for the previous quarter, Wall Street now forecasts -3.39 % negative EPS growth.

UMB Financial Corporation (NASDAQ:UMBF) Ratings Coverage

Among 5 analysts covering UMB Financial Corp (NASDAQ:UMBF), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. UMB Financial Corp had 7 analyst reports since December 21, 2017 according to SRatingsIntel. The stock of UMB Financial Corporation (NASDAQ:UMBF) has “Neutral” rating given on Friday, February 2 by PiperJaffray. The company was maintained on Wednesday, January 24 by Stephens. The company was maintained on Thursday, February 1 by Piper Jaffray. The rating was maintained by Wells Fargo with “Market Perform” on Thursday, January 25. Keefe Bruyette & Woods maintained UMB Financial Corporation (NASDAQ:UMBF) rating on Monday, February 26. Keefe Bruyette & Woods has “Hold” rating and $78.0 target. Keefe Bruyette & Woods maintained it with “Hold” rating and $77.0 target in Wednesday, January 24 report. Keefe Bruyette & Woods maintained UMB Financial Corporation (NASDAQ:UMBF) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $74.0 target.

More recent UMB Financial Corporation (NASDAQ:UMBF) news were published by: Nasdaq.com which released: “Analysis: Positioning to Benefit within Synaptics, LSC Communications, Ion Geophysical, St. Joe, UMB Financial, and …” on April 25, 2018. Also Seekingalpha.com published the news titled: “UMB Financial Corp’s (UMBF) CEO John Kemper on Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. Bizjournals.com‘s news article titled: “UMB sets up new specialty corporate trust office in Salt Lake City” with publication date: May 03, 2018 was also an interesting one.

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. The company has market cap of $3.99 billion. It operates through three divisions: Bank, Institutional Investment Management, and Asset Servicing. It has a 16.07 P/E ratio. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank clients through its branches, call center, Internet banking, and ATM network.

UMB Financial Corporation (NASDAQ:UMBF) Institutional Positions Chart

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