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Keeping an Eye on UMB Financial Corp. (UMBF) After Insider Trading Activity

UMB Financial Corp.’s recent filing unveils that its Chairman and CEO KEMPER J MARINER unloaded Company’s shares for reported $0.68 million on Jul 03 ’24. In the deal valued at $84.00 per share,8,100 shares were sold. As a result of this transaction, KEMPER J MARINER now holds 1,673,804 shares worth roughly $165.79 million.

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Then, KEMPER J MARINER sold 8,450 shares, generating $704,109 in total proceeds. Upon selling the shares at $83.33, the Chairman and CEO now owns 1,681,904 shares.

Before that, KEMPER J MARINER sold 4,302 shares. UMB Financial Corp. shares valued at $356,297 were divested by the Chairman and CEO at a price of $82.82 per share. As a result of the transaction, KEMPER J MARINER now holds 1,693,802 shares, worth roughly $167.77 million.

Keefe Bruyette upgraded its UMB Financial Corp. [UMBF] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late April from “an Equal weight” to “an Overweight”. Barclays began covering UMBF with “an Equal weight” recommendation on March 08, 2024. Raymond James revised its rating on October 26, 2023. It rated UMBF as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of UMBF

On Tuesday, UMB Financial Corp. [NASDAQ:UMBF] saw its stock jump 1.04% to $99.05. Over the last five days, the stock has gained 1.88%. UMB Financial Corp. shares have risen nearly 18.55% since the year began. Nevertheless, the stocks have risen 40.18% over the past one year. While a 52-week high of $99.75 was reached on 07/30/24, a 52-week low of $57.91 was recorded on 04/29/24. SMA at 50 days reached $85.74, while 200 days put it at $79.94. A total of 0.81 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For UMBF Stock

The 24-hour chart illustrates a support level at 97.88, which if violated will result in even more drops to 96.71. On the upside, there is a resistance level at 100.00. A further resistance level may holdings at 100.95. The Relative Strength Index (RSI) on the 14-day chart is 70.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.54%. Stochastics%K at 93.90% indicates the stock is a selling.

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