UMBF UMB Financial Corporation

This article reviews the Q3 earnings of UMB Financial (UMBF) and several other regional banks, highlighting their performance against analyst expectations. UMB Financial delivered a strong quarter with impressive revenue beats, while Customers Bancorp (CUBI) also performed well. The Bancorp (TBBK), however, showed the weakest performance with significant misses on revenue and net interest income estimates.

Wedge Capital Management L L P NC reduced its stake in UMB Financial Corporation (NASDAQ:UMBF) by 15.8% in the third quarter, selling 9,075 shares and retaining 48,198 shares valued at $5.70 million. Despite the reduction by this institutional investor, UMB Financial reported strong quarterly earnings, beating analyst expectations with $2.70 EPS on $678.3 million revenue, and increased its quarterly dividend. The company also saw insider selling activity, with CEO J. Mariner Kemper and insider Nikki Farentino Newton selling shares, though Wall Street analysts maintain a "Moderate Buy" consensus rating for UMB Financial.

Barclays analyst Jared Shaw has reiterated a Buy rating for UMB Financial (UMBF) with a price target of $155.00. This follows RBC Capital's similar Buy rating. Despite positive earnings, corporate insider sentiment for UMBF is negative, with an increase in insider selling.

Thrivent Financial for Lutherans has reduced its stake in UMB Financial Corporation, selling 36,647 shares and now owning 63,493 shares valued at approximately $6.68 million. This comes as UMB Financial reported strong quarterly results, beating EPS and revenue expectations, and increased its quarterly dividend. The company maintains a "Moderate Buy" consensus rating from analysts with an average price target of $137.20.

UMB's recent acquisition of Heartland Financial USA, Inc. has expanded the bank to nearly $72 billion in assets across 13 states, marking the largest acquisition in its history. This expansion provides customers and communities with enhanced products, services, and investments, while maintaining a focus on personalized service and community commitment. The company emphasizes its strong financial model, exceptional growth, and consistent credit quality, supported by a significant loan-to-deposit ratio allowing for more local investment.

RBC Capital analyst Jon Arfstrom has maintained a Buy rating on UMB Financial (UMBF) with a price target of $128.00, while the analyst consensus for UMBF is a Strong Buy with a price target of $142.38. The company reported strong quarterly revenues of $1.49 billion and a net profit of $188.32 million for the quarter ending September 30. Despite positive analyst sentiment, corporate insider sentiment for UMB Financial is negative, with an increase in insider selling over the past quarter.