Piper Sandler upgraded UMB Financial Corporation from Neutral to Overweight and set a new price target of $74.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/22/2024 | $130.00 | Sector Perform | RBC Capital Mkts |
| 11/21/2024 | $156.00 | Overweight | Morgan Stanley |
| 10/10/2024 | $127.00 | Buy | Citigroup |
| 5/31/2024 | $98.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/30/2024 | $95.00 | Equal Weight → Overweight | Barclays |
| 3/8/2024 | $91.00 | Equal Weight | Barclays |
| 10/26/2023 | $82.00 → $80.00 | Outperform → Strong Buy | Raymond James |
| 10/26/2023 | $73.00 | Neutral → Buy | Janney |
Third Quarter 2024 Financial Highlights GAAP net income of $109.6 million, or $2.23 per diluted share. Net operating income(i) of $110.4 million, or $2.25 per diluted share. Average loans increased 9.8% on a linked-quarter, annualized basis, to $24.4 billion. Average loans increased $1.6 billion, or 7.2%, as compared to the third quarter of 2023. Average deposits increased 11.1% on a linked-quarter, annualized basis, to $35.3 billion. Credit quality remained strong, with net charge-offs of just 0.08% of average loans for the nine months ended September 30, 2024. UMB Financial Corporation (NASDAQ:UMBF), a financial services company, announced net income for the third quarter of
UMB Financial Corporation (NASDAQ:UMBF), a financial services company, will release earnings results for the third quarter 2024 after market hours on Tuesday, October 29, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, October 30, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 961896. You may register in advance and receive a calendar invitation with call access details here: pre-registration. The live webcast may also be accessed by visiting investorrelations.umb.com or by using th
Second Quarter 2024 Financial Highlights GAAP net income of $101.3 million, or $2.07 per diluted share. Net operating income(i) of $105.9 million, or $2.16 per diluted share. Average loans increased 7.7% on a linked-quarter, annualized basis, to $23.8 billion. Average loans increased $1.6 billion, or 7.3%, as compared to the second quarter of 2023. Average deposits increased 9.7% on a linked-quarter, annualized basis, to $34.3 billion. Net interest margin was 2.51%, an increase of three basis points from the linked quarter. Credit quality remained strong, with net charge-offs of just 0.05% of average loans in both the second quarter and the six months ended June 30, 202
Phil Mason promoted to President, Institutional Banking; Brian Hutchin succeeds Mason as Director, Healthcare Services UMB Financial Corporation (NASDAQ:UMBF) has announced the appointment of Phil Mason to the role of president, Institutional Banking. Brian Hutchin has been promoted to fill Mason's prior role of director of UMB Healthcare Services. As president, Institutional Banking, Mason oversees UMB's activities across corporate trust and agency services, institutional custody, fund services, the capital markets division, investor banking services, and healthcare services. "Phil is the ideal leader to continue our strong momentum in the institutional space," said Jim Rine, preside
4 - UMB FINANCIAL CORP (0000101382) (Issuer)
4 - UMB FINANCIAL CORP (0000101382) (Issuer)
4 - UMB FINANCIAL CORP (0000101382) (Issuer)
In the last three months, 7 analysts have published ratings on UMB Financial (NASDAQ:UMBF), offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 4 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 1 3 0 0 3M Ago 0 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $93.86, a high estimate of $100.00, and a low estimate of $88.00. This current average has incre
Barclays analyst Jared Shaw maintains UMB Financial (NASDAQ:UMBF) with a Overweight and raises the price target from $95 to $100.
UMB Financial's (NYSE:UMBF) short percent of float has risen 204.11% since its last report. The company recently reported that it has 1.71 million shares sold short, which is 4.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.61 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
RBC Capital Mkts initiated coverage of UMB Financial Corporation with a rating of Sector Perform and set a new price target of $130.00
Morgan Stanley initiated coverage of UMB Financial Corporation with a rating of Overweight and set a new price target of $156.00
Citigroup initiated coverage of UMB Financial Corporation with a rating of Buy and set a new price target of $127.00
SC 13D/A - UMB FINANCIAL CORP (0000101382) (Subject)
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SC 13G/A - UMB FINANCIAL CORP (0000101382) (Subject)
4 - UMB FINANCIAL CORP (0000101382) (Issuer)
4 - UMB FINANCIAL CORP (0000101382) (Issuer)
4 - UMB FINANCIAL CORP (0000101382) (Issuer)
10-Q - UMB FINANCIAL CORP (0000101382) (Filer)
8-K - UMB FINANCIAL CORP (0000101382) (Filer)
8-K - UMB FINANCIAL CORP (0000101382) (Filer)
Third Quarter 2024 Financial Highlights GAAP net income of $109.6 million, or $2.23 per diluted share. Net operating income(i) of $110.4 million, or $2.25 per diluted share. Average loans increased 9.8% on a linked-quarter, annualized basis, to $24.4 billion. Average loans increased $1.6 billion, or 7.2%, as compared to the third quarter of 2023. Average deposits increased 11.1% on a linked-quarter, annualized basis, to $35.3 billion. Credit quality remained strong, with net charge-offs of just 0.08% of average loans for the nine months ended September 30, 2024. UMB Financial Corporation (NASDAQ:UMBF), a financial services company, announced net income for the third quarter of
UMB Financial Corporation (NASDAQ:UMBF), a financial services company, will release earnings results for the third quarter 2024 after market hours on Tuesday, October 29, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, October 30, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 961896. You may register in advance and receive a calendar invitation with call access details here: pre-registration. The live webcast may also be accessed by visiting investorrelations.umb.com or by using th
Three industry veterans bring more than five decades of CLO experience to UMB UMB Bank, n.a., a subsidiary of UMB Financial Corporation (NASDAQ:UMBF), today announces the expansion of its CLO Trustee and Loan Administration team with the hire of Henry Brigham, Willis Hwang and David Knecht. They join a seasoned team led by Senior Vice Presidents Alex Cormas and Vincent Pham, bringing with them a wealth of expertise that will significantly enhance UMB's capabilities in the CLO market. They will report to Pham, who is head of CLO Administration. Brigham, team manager, leads senior relationship management for the CLO group. Most recently he was with Wilmington Trust as vice president, CLO,