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

NEW YORK ( TheStreet) -- UMB Financial Corporation (Nasdaq: UMBF) hit a new 52-week high Wednesday as it is currently trading at $49.25, above its previous 52-week high of $49.24 with 152,241 shares traded as of 1:25 p.m. ET. Average volume has been 195,100 shares over the past 30 days.

UMB Financial has a market cap of $1.93 billion and is part of the financial sector and banking industry. Shares are up 30.1% year to date as of the close of trading on Tuesday.

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 15.7, equal to the average banking industry P/E ratio 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins 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.

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