| Over a month ago | ||||
Wells Fargo analyst Jared… Wells Fargo analyst Jared Shaw upgraded UMB Financial to Overweight from Equal Weight with a price target of $85, up from $72. The analyst sees a "attractive entry point" following the underperformance post its "good" Q4 results. UMB has "discounted franchises" with near-term catalysts that are undervalued by the Street, Shaw tells investors in a research note. Looking ahead to 2021, the analyst expects UMB to "better defend" against revenue pressure given a "much stronger" relative loan growth outlook and potentially meaningful fee income opportunities. | ||||
Reports Q4 revenue… Reports Q4 revenue $422.97M, consensus $330.71M. | ||||
| Over a quarter ago | ||||
As previously reported,… As previously reported, BofA analyst Ebrahim Poonawala upgraded UMB Financial to Buy from Neutral with a price target of $72, up from $68. He sees an attractive risk/reward given what he sees as the bank's better than average balance sheet defensibility, strong underwriting culture and diversified revenue profile. He has raised his 2021 EPS estimates after UMB's Q3 results topped expectations, Poonawala noted. | ||||
BofA upgraded UMB… BofA upgraded UMB Financial to Buy from Neutral with a $72 price target. | ||||
Reports Q3 revenue… Reports Q3 revenue $297.38M, consensus $290.52M. Reports Q3 book value per share $59.43. Reports Q3 CET1 capital ratio 11.93%. Reports Q3 net charge-offs .13%. | ||||
UMB Financial announced… UMB Financial announced that UMB Capital Corporation, a small business investment company and subsidiary of UMB Bank, has acquired approximately 4.05M shares of Tattooed Che as a result of a business combination transaction between Forum Merger II Corporation, a special purpose acquisition entity, and the former parent company of Ittella International, resulting in the new public company. UMB Financial expects to realize as of closing a gain of approximately $42M from an initial investment UMB Capital Corporation had owned a 12.5% stake in Ittella since April 2019. It now owns approximately 7% of Tattooed Chef on a fully diluted basis. As a result of UMB Capital's ownership interest, it received approximately $9M in cash along with the shares of Tattooed Chef at the closing of the transaction. Additionally, if the Tattooed Chef common stock achieves certain trading milestones during the three years following the closing, UMB Capital Corporation could receive up to an additional 625,000 shares of Tattooed Chef. | |
Wells Fargo analyst Jared… Wells Fargo analyst Jared Shaw upgraded UMB Financial to Equal Weight from Underweight with a $52 price target. The analyst says the stock's risk/reward is "balancing out" post the company's Q2 results. | |
Reports Q2 revenue… Reports Q2 revenue $298.69M, consensus $283.06M. Reports Q2 book value per share $57.84. Reports Q2 CET1 capital ratio 11.92%. Reports Q2 net charge-offs .15%. | |
Stephens analyst Gordon… Stephens analyst Gordon McGuire has named UMB Financial as his new Best Idea, citing his view that the stock offers a "defensive posture but also optionality for growth." He thinks the bank's defensive posturing could support above-average growth during the pandemic, added McGuire, who keeps an Overweight rating and $57 price target on the shares. | |
Conference call with CEO… Conference call with CEO Kemper and CFO Shankar will be held on May 15 at 12 pm hosted by Stephens. |