UMB Financial: Loan Quality Remains A Differentiator
UMBFUMB(UMBF) Seeking Alpha·2024-08-01 20:41
stocknsharesShares of UMB Financial (NASDAQ:UMBF) rallied about 3% on Wednesday after the company reported strong Q2 results. These gains added to an impressive year with the stock up 47%. I last covered UMB in April, rating shares a “buy.” Since that recommendation, UMBF is up 30%, far ahead of the market’s 10% gain. With shares now above my $100 price target and with new financial data, now is a good time to revisit UMB.  Seeking AlphaIn the company’s second quarter, UMB earned $2.16 per share, beatin ...