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Investing in UMB Financial Corp. (UMBF) Is Getting More Attractive

UMB Financial Corp.’s recent filing unveils that its Officer Pauls John acquired Company’s shares for reported $0.15 million on Aug 06 ’24. In the deal valued at $92.96 per share,1,623 shares were bought.

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Then, KEMPER J MARINER sold 10,115 shares, generating $940,742 in total proceeds. Upon selling the shares at $93.00, the Chairman and CEO now owns 257,796 shares.

Before that, Pauls John sold 1,623 shares. UMB Financial Corp. shares valued at $150,882 were divested by the EVP & General Counsel at a price of $92.97 per share. As a result of the transaction, Pauls John now holds 7,332 shares, worth roughly $0.7 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 1.40% to $94.93. Over the last five days, the stock has gained 2.98%. UMB Financial Corp. shares have risen nearly 13.62% since the year began. Nevertheless, the stocks have risen 37.04% over the past one year. While a 52-week high of $105.21 was reached on 07/31/24, a 52-week low of $57.91 was recorded on 04/29/24. SMA at 50 days reached $88.03, while 200 days put it at $81.54.

Levels Of Support And Resistance For UMBF Stock

The 24-hour chart illustrates a support level at 93.06, which if violated will result in even more drops to 91.20. On the upside, there is a resistance level at 95.92. A further resistance level may holdings at 96.92. The Relative Strength Index (RSI) on the 14-day chart is 54.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.72%. Stochastics%K at 36.87% indicates the stock is a holding.

How much short interest is there in UMB Financial Corp.?

A steep rise in short interest was recorded in UMB Financial Corp. stocks on , dropping by 25957.0 shares to a total of 2.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.87 million shares. There was a decline of -0.91%, which implies that there is a negative sentiment for the stock.

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