UMB Financial price target raised to $123 from $118 at Barclays

Barclays analyst Jared Shaw raised the firm’s price target on UMB Financial (UMBF) to $123 from $118 and keeps an Overweight rating on the shares. UMB sees a strong pipeline for Q4 and high betas as rates decline on indexed deposits, while credit trends remain strong, the analyst tells investors in a research note.