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UMB Financial Corporation

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Shares of UMB Financial Corporation have underperformed the industry over the past six months. Yet, it possesses a decent earnings surprise history, beating the Zacks Consensus Estimate in three of the trailing four quarters. The third-quarter 2018 results reflected higher revenues, aided by rising loans and deposit balances. However, lower non-interest income and elevated expenses remained major drags. The company remains committed to drive operating efficiency through several strategic objectives including improvement in revenues, capital management and investment in technology. Also, a strong capital position keeps it well poised to undertake any opportunistic expansions. Moreover, the improving economic backdrop is likely to boost organic growth of the company. However, persistently rising cost base remains a key headwind. Further, intense competition from other fintech companies and online service providers is an added concern.

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