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Checking in on UMB Financial Corp. (UMBF) after recent insiders movement

In a filing, UMB Financial Corp. revealed its Chairman and CEO KEMPER J MARINER unloaded Company’s shares for reported $2.47 million on Oct 01 ’24. In the deal valued at $101.81 per share,24,300 shares were sold. As a result of this transaction, KEMPER J MARINER now holds 1,600,904 shares worth roughly $166.61 million.

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Then, R C Kemper Marital Trust bought 24,300 shares, generating $2,529,630 in total proceeds.

Before that, R C Kemper Jr Charitable Trust bought 6,450 shares. UMB Financial Corp. shares valued at $671,445 were divested by the Affiliate at a price of $104.10 per share.

Citigroup initiated its UMB Financial Corp. [UMBF] rating to a Buy in a research note published on October 10, 2024; the price target was $127. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late May from “a Mkt perform” to “an Outperform”. Barclays also remained covering UMBF and has increased its forecast on April 30, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Barclays started covering the stock on March 08, 2024. It rated UMBF as “an Equal weight”.

Price Performance Review of UMBF

On Friday, UMB Financial Corp. [NASDAQ:UMBF] saw its stock fall -1.65% to $104.07. Over the last five days, the stock has lost -4.83%. UMB Financial Corp. shares have risen nearly 24.56% since the year began. Nevertheless, the stocks have risen 67.10% over the past one year. While a 52-week high of $113.30 was reached on 10/16/24, a 52-week low of $58.92 was recorded on 04/29/24. SMA at 50 days reached $104.08, while 200 days put it at $89.06.

Levels Of Support And Resistance For UMBF Stock

The 24-hour chart illustrates a support level at 102.85, which if violated will result in even more drops to 101.62. On the upside, there is a resistance level at 106.23. A further resistance level may holdings at 108.38. The Relative Strength Index (RSI) on the 14-day chart is 44.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.63%. Stochastics %K at 25.45% 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 2024-10-15, dropping by -0.13 million shares to a total of 3.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.29 million shares. There was a decline of -4.09%, which implies that there is a negative sentiment for the stock.

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