KD Logo

Potential Price Increase for UMB Financial Corp. (UMBF) After Recent Insider Activity

UMB Financial Corp.’s recently made public that its Chief Credit Officer Terry Thomas S unloaded Company’s shares for reported $0.64 million on Aug 23 ’24. In the deal valued at $103.67 per share,6,133 shares were sold. As a result of this transaction, Terry Thomas S now holds 33,314 shares worth roughly $3.45 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Rine James D sold 7,315 shares, generating $735,162 in total proceeds. Upon selling the shares at $100.50, the President now owns 44,917 shares.

Before that, Shankar Ram sold 2,000 shares. UMB Financial Corp. shares valued at $207,537 were divested by the Chief Financial Officer at a price of $103.77 per share. As a result of the transaction, Shankar Ram now holds 18,793 shares, worth roughly $1.95 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 Friday, UMB Financial Corp. [NASDAQ:UMBF] saw its stock jump 0.67% to $103.59. Over the last five days, the stock has lost -0.47%. UMB Financial Corp. shares have risen nearly 23.99% since the year began. Nevertheless, the stocks have risen 63.21% over the past one year. While a 52-week high of $105.72 was reached on 08/26/24, a 52-week low of $57.91 was recorded on 04/29/24. SMA at 50 days reached $93.01, while 200 days put it at $83.77.

Levels Of Support And Resistance For UMBF Stock

The 24-hour chart illustrates a support level at 102.58, which if violated will result in even more drops to 101.57. On the upside, there is a resistance level at 104.34. A further resistance level may holdings at 105.09. The Relative Strength Index (RSI) on the 14-day chart is 66.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.74%. Stochastics %K at 79.67% 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 2024-08-15, growing by 0.16 million shares to a total of 3.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.9 million shares. There was a rise of 5.32%, which implies that there is a positive sentiment for the stock.

Most Popular