Is UMB Financial Corporation (UMBF) a Good Stock to Buy?

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Now, key hedge funds were breaking ground themselves. Alpenglow Capital, led by Sharif Siddiqui, initiated the most outsized position in UMB Financial Corporation (NASDAQ:UMBF). Alpenglow Capital had $3.6 million invested in the company at the end of the quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as UMB Financial Corporation (NASDAQ:UMBF) but similarly valued. We will take a look at Sarepta Therapeutics Inc (NASDAQ:SRPT), Air Lease Corp (NYSE:AL), Vector Group Ltd (NYSE:VGR), and Masimo Corporation (NASDAQ:MASI). This group of stocks’ market values match UMBF’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SRPT 32 1123293 12
AL 29 286070 0
VGR 10 164504 -5
MASI 26 163915 0

As you can see these stocks had an average of 24 hedge funds with bullish positions and the average amount invested in these stocks was $434 million. That figure was $64 million in UMBF’s case. Sarepta Therapeutics Inc (NASDAQ:SRPT) is the most popular stock in this table. On the other hand Vector Group Ltd (NYSE:VGR) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks UMB Financial Corporation (NASDAQ:UMBF) is even less popular than VGR. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: None

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