Raymond James Maintains Outperform Rating for UMB Financial: Here's What You Need To Know

Raymond James has decided to maintain its Outperform rating of UMB Financial UMBF and lower its price target from $104.00 to $73.00.

Shares of UMB Financial are trading up 0.45% over the last 24 hours, at $58.45 per share.

A move to $73.00 would account for a 24.89% increase from the current share price.

About UMB Financial

UMB Financial Corp, or UMBF, is a financial services holding company offering a suite of banking, asset management, and health spending solutions. Its customer base includes commercial, institutional, and personal customers across the United States. The company's banking subsidiaries own and operate banking and wealth-management centres mostly throughout the Midwest and Southwest regions of the U.S. Subsidiaries of the holding company and its lead bank, UMB Bank, include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisory. The bank's revenue is split nearly evenly between interest income and noninterest income.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.