Peyton Green, a Sterne Agee analyst, released research notes on UMB Financial Corp. on Friday, outlining why he thinks the common stock will quickly recover after a recent downturn.
The Kansas City-based holding company (Nasdaq: UMBF) for UMB Bank announced in early September that it would lose a $1 billion-deposit customer within 120 days. Soon afterward, UMB announced it would sell 3.9 million shares of common stock to raise capital.
RELATED: UMB Bank loses $1 billion customer
The moves caused…
Peyton Green, a Sterne Agee analyst, released research notes on UMB Financial Corp. on Friday, outlining why he thinks the common stock will quickly recover after a recent downturn.
The Kansas City-based holding company (Nasdaq: UMBF) for UMB Bank announced in early September that it would lose a $1 billion-deposit customer within 120 days. Soon afterward, UMB announced it would sell 3.9 million shares of common stock to raise capital.
RELATED: UMB Bank loses $1 billion customer
The moves caused…