In a report released today, Matt Olney from Stephens maintained a Hold rating on UMB Financial Corp (NASDAQ: UMBF), with a price target of $80. The company’s shares closed yesterday at $62.40, close to its 52-week low of $62.27.
According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.0% and a 39.1% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Western Financial Inc, and First Financial Bankshares.
UMB Financial Corp has an analyst consensus of Hold, with a price target consensus of $76.67.
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Based on UMB Financial Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $55.42 million. In comparison, last year the company had a net profit of $48.14 million.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock.
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UMB Financial Corp. operates as a financial holding company, which engages in the provision of bank and asset services. It operates through the Bank, and Asset Servicing segments. The Bank segment provides banking services to commercial, retail, government and correspondent bank customers.
