Barclays yesterday morning upgraded UMB Financial (UMBF) to Overweight from Equal Weight with a price target of $95, up from $91. The company’s strong quarter took a back seat to news of the Heartland Financial (HTLF) deal which propels UMBF over the $50B threshold, the analyst tells investors in a research note. The firm says UMB’s standalone business had a great quarter while the acquisition adds potential upside to fiscal 2026 estimates.
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Read More on HTLF:
- Heartland Financial and UMB Announce Strategic Merger Agreement
- Heartland Financial reports Q1 adjusted EPS $1.22, consensus $1.11
- UMB Financial to acquire Heartland Financial in transaction valued at $2B
- UMB Financial to acquire Heartland Financial in $2B all-stock transaction
- UMB Announces Agreement to Acquire Heartland Financial
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