Fed approves UMB Financial application to acquire Heartland Financial
Written by Emily J. Thompson, Senior Investment Analyst
Federal Reserve Approval: The Federal Reserve Board has approved UMB Financial Corporation's application to acquire Heartland Financial USA.
Acquisition Details: This acquisition will also include the indirect purchase of HTLF Bank, located in Denver, Colorado.
Analyst Views on UMBF
Wall Street analysts forecast UMBF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UMBF is 142.38 USD with a low forecast of 128.00 USD and a high forecast of 155.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 123.300
Low
128.00
Averages
142.38
High
155.00
Current: 123.300
Low
128.00
Averages
142.38
High
155.00
About UMBF
UMB Financial Corporation is a financial services company. Its segments include Commercial Banking, Institutional Banking, and Personal Banking. It offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. Commercial Banking serves the commercial banking and treasury management needs of its small to middle-market businesses through a variety of products and services. Institutional Banking is a combination of banking services, fund services, asset management services, and healthcare services provided to institutional clients. Personal Banking products include deposit accounts, retail credit cards, private banking, installment loans, home equity lines of credit, and residential mortgages.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
