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

NEW YORK ( TheStreet) -- UMB Financial Corporation (Nasdaq: UMBF) hit a new 52-week high Tuesday as it is currently trading at $46.39, above its previous 52-week high of $46.33 with 130,017 shares traded as of 10:54 a.m. ET. Average volume has been 166,700 shares over the past 30 days.

UMB Financial has a market cap of $1.78 billion and is part of the financial sector and banking industry. Shares are up 18.8% year to date as of the close of trading on Monday.

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, above the average banking industry P/E ratio of 16.6 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 compelling growth in net income, revenue growth, expanding profit margins, good cash flow from operations 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

More from Markets

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

Dow Posts First Gain in Nine Sessions; Oil Jumps

Dow Posts First Gain in Nine Sessions; Oil Jumps