From Financial Modeling Prep: 2025-02-03 11:34:00

UMB Financial (NASDAQ:UMBF) shares dropped 2% after Citi analysts downgraded the stock to Neutral and lowered the price target to $127 from $130. Despite strong operational performance in 2024, concerns about growth prospects post-acquisition of Heartland Financial led to the downgrade.

Citi noted UMBF’s earnings growth, but flagged potential risks from HTLF’s balance sheet integration. Uncertainty over Heartland’s impact on growth and credit risk prompted Citi to trim earnings estimates and take a more neutral stance. The bank awaits clarity on UMBF’s ability to navigate acquisition challenges before reassessing its rating.



Read more at Financial Modeling Prep:: Citi Downgrades UMB Financial, Shares Fall 2%