RBC Capital analyst Jon Arfstrom initiates coverage on $UMB Financial (UMBF.US)$ with a hold rating, and sets the target price at $130.
According to TipRanks data, the analyst has a success rate of 57.7% and a total average return of 16.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $UMB Financial (UMBF.US)$'s main analysts recently are as follows:
UMB Financial is considered one of the most advantageous mid-cap banks for navigating lower interest rates. The bank's leading net interest margin expansion, together with its exceptional fee growth, forms the basis of its strong market position. It's anticipated that UMB's unique deposit base will foster leading net interest margin expansion in the upcoming quarters amid declining rates.
UMB Financial is regarded as a high-quality core holding, recognized for its long-standing record of outperforming peers in growth and maintaining clean credit quality. The company is favored but this assessment is moderated by the current valuation and the anticipated realizations from full merger benefits.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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