Peyton Green, an analyst for Sterne Agee, said UMB Financial Corp. should continue to grow during the next few years, just not as fast as originally expected.
Green maintained a buy rating on Kansas City-based UMB (Nasdaq: UMBF), establishing a price target of $72.50 by 2016 — much higher than Thursday’s close of $63.53, but about $2.50 lower than Green’s earlier expectation.
Green expects 11 percent growth in UMB’s trust and securities businesses during the next year, despite Scout mutual…
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