Barclays raised the firm’s price target on UMB Financial (UMBF) to $155 from $150 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the mid-cap banks. Loan growth and deposit cost control should help drive earnings beats and positive guidance revisions, the analyst tells investors in a research note. Barclays believes another quarter of “clean credit” and good balance sheet trends “could pull investors off the sidelines.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UMBF:
- UMB Financial price target raised to $154 from $120 at Morgan Stanley
- UMB Financial price target raised to $130 from $125 at Wells Fargo
- UMB Financial initiated with a Buy at TD Cowen
- UMB Financial price target raised to $144 from $130 at Truist
- UMB Financial Announces Redemption of Subordinated Notes