UMB Financial price target raised to $120 from $107 at Wells Fargo

Wells Fargo analyst Timur Braziler raised the firm’s price target on UMB Financial (UMBF) to $120 from $107 and keeps an Equal Weight rating on the shares. The firm notes balance sheet momentum continues to build, which should accelerate net interest income growth in Q4. Deal on track to close in Q1 2025, potentially slowing recent growth trends. Second half of 2025/2026 is looking attractive, but near-term noise could create better entry, Wells adds.