UMB Financial Stock Hits New 52-Week High (UMBF)

NEW YORK ( TheStreet) -- UMB Financial Corporation (Nasdaq: UMBF) hit a new 52-week high Friday as it is currently trading at $46, above its previous 52-week high of $45.83 with 51,282 shares traded as of 9:34 a.m. ET. Average volume has been 145,000 shares over the past 30 days.

UMB Financial has a market cap of $1.64 billion and is part of the financial sector and banking industry. Shares are up 22.4% year to date as of the close of trading on Thursday.

UMB Financial Corporation, a multi-bank holding company, provides banking and other financial services to commercial, retail, government, and correspondent bank customers. The company has a P/E ratio of 17.1, above the average banking industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates UMB Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full UMB Financial Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Analysts' Actions -- American Express, Discovery, E-Trade, Xerox and More

Analysts' Actions -- American Express, Discovery, E-Trade, Xerox and More

Trump Wants to Repeal Obamacare, but What's His Position on Health Savings Accounts?

Trump Wants to Repeal Obamacare, but What's His Position on Health Savings Accounts?

Trump Hates Obamacare, But What About Health Savings Accounts?

Trump Hates Obamacare, But What About Health Savings Accounts?

Will This Market Be Hit With a Bursting Asset Bubble?

Will This Market Be Hit With a Bursting Asset Bubble?

Where are the Asset Bubbles in the Market?

Where are the Asset Bubbles in the Market?