Analysts’ Opinions Are Mixed on These Financial Stocks: UMB Financial Corp (NASDAQ: UMBF), Fidelity Southern (NASDAQ: LION) and MGIC Investment (NYSE: MTG)

By Austin Angelo

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on UMB Financial Corp (NASDAQ: UMBF), Fidelity Southern (NASDAQ: LION) and MGIC Investment (NYSE: MTG).

UMB Financial Corp (NASDAQ: UMBF)

In a report released yesterday, Steve Moss from FBR Capital reiterated a Hold rating on UMB Financial Corp (NASDAQ: UMBF). The company’s shares opened today at $75.44.

According to TipRanks.com, Moss is a 3-star analyst with an average return of 4.7% and a 73.3% success rate. Moss covers the Financial sector, focusing on stocks such as Heartland Financial USA, Prosperity Bancshares, and Great Western Bancorp.

UMB Financial Corp has an analyst consensus of Hold.

Fidelity Southern (NASDAQ: LION)

In a report released yesterday, Christopher Nolan from FBR Capital reiterated a Hold rating on Fidelity Southern (NASDAQ: LION), with a price target of $24.50. The company’s shares opened today at $21.30.

Nolan noted:

“LION reported 1Q17 operating EPS of $0.40, above our and the Street’s estimate of $0.32. Overall, it was a quarter with no significant departures in terms of growth trends. While revenues declined QOQ, this was due to last quarter’s unusually strong mortgage servicing rights (MSR) gains, which were not present this quarter, resulting in a lower EPS vs. last quarter, but one that more reflects a sustainable run- rate for LION. Mortgage banking revenues, which drive fee income, were down this quarter QOQ due to seasonal factors but are likely to pick up in 2Q17, but at a slower pace than last year given expectations for less refinance activity in general due to this year’s higher mortgage rates. Asset quality in 1Q17 also showed incremental improvement since last quarter. Looking ahead, we think net interest margin will benefit in 2Q17 as excess cash liquidity is deployed into loans and the mortgage business will benefit from seasonal strengthening in 2Q.”

According to TipRanks.com, Nolan is a 4-star analyst with an average return of 5.7% and a 61.3% success rate. Nolan covers the Financial sector, focusing on stocks such as Pennantpark Investment Corp, Atlantic Capital Bancshares, and Raymond James Financial.

Currently, the analyst consensus on Fidelity Southern is Hold and the average price target is $24.50, representing a 15.0% upside.

In a report released today, Stephens also reiterated a Hold rating on the stock.
MGIC Investment (NYSE: MTG)

FBR Capital analyst Randy Binner reiterated a Buy rating on MGIC Investment (NYSE: MTG) yesterday. The company’s shares opened today at $11.03.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 14.1% and a 74.6% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and State National Companies Inc.

Currently, the analyst consensus on MGIC Investment is Strong Buy and the average price target is $12, representing an 8.8% upside.

In a report issued on April 12, Compass Point also upgraded the stock to Buy.

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