UMB Financial Corp. Lowered to “Underperform” at Zacks (UMBF)
UMB Financial Corp. (NASDAQ:UMBF) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, Analyst Ratings Network reports. They currently have a $52.30 target price on the stock. Zacks‘ price objective suggests a potential downside of 3.75% from the stock’s previous close.
UMB Financial Corp. (NASDAQ:UMBF) traded up 1.02% during mid-day trading on Tuesday, hitting $54.895. The stock had a trading volume of 259,446 shares. UMB Financial Corp. has a one year low of $40.27 and a one year high of $62.20. The stock’s 50-day moving average is $57.31 and its 200-day moving average is $54.19. The company has a market cap of $2.230 billion and a P/E ratio of 19.55.
UMB Financial Corp. (NASDAQ:UMBF) last released its earnings data on Wednesday, July 24th. The company reported $0.74 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.74. During the same quarter in the prior year, the company posted $0.72 earnings per share. Analysts expect that UMB Financial Corp. will post $3.06 EPS for the current fiscal year.
UMBF has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of UMB Financial Corp. (NASDAQ:UMBF) from $55.00 to $54.00 in a research note to investors on Friday, September 6th. They now have a “market perform” rating on the stock.
UMB Financial Corporation (NASDAQ:UMBF) is a multi-bank holding company.
To view Zacks’ full report, visit www.zacks.com
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