Analyst Peyton Green of Sterne Agee dropped his outlook for UMB Financial Corp. stock by $4 a share.
The analyst cited dilution from the Kansas City-based company (Nasdaq: UMBF) recently offering 3.9 million shares of common stock to bolster its capital levels and the recent loss of a customer with $1.08 billion in deposits.
Green said the loss of the deposits would bring UMB’s capital reserve ratios well below the company’s average levels since 1991. However, adding the capital raised from…
Analyst Peyton Green of Sterne Agee dropped his outlook for UMB Financial Corp. stock by $4 a share.
The analyst cited dilution from the Kansas City-based company (Nasdaq: UMBF) recently offering 3.9 million shares of common stock to bolster its capital levels and the recent loss of a customer with $1.08 billion in deposits.
Green said the loss of the deposits would bring UMB’s capital reserve ratios well below the company’s average levels since 1991. However, adding the capital raised from…