410,797 Shares in UMB Financial Corporation $UMBF Acquired by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC bought a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 410,797 shares of the bank’s stock, valued at approximately $58,645,380,000. UMB Financial comprises about 4.0% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 4th biggest holding. Neumeier Poma Investment Counsel LLC owned 0.54% of UMB Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV lifted its holdings in shares of UMB Financial by 4.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after purchasing an additional 102 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of UMB Financial by 3.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock worth $335,000 after purchasing an additional 108 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in UMB Financial by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after purchasing an additional 112 shares during the period. First Citizens Bank & Trust Co. increased its holdings in UMB Financial by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock valued at $820,000 after purchasing an additional 125 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in UMB Financial by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock valued at $450,000 after purchasing an additional 129 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UMBF has been the topic of several recent research reports. Truist Financial set a $170.00 target price on UMB Financial and gave the stock a “buy” rating in a report on Tuesday, August 4th. Zacks Research cut UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Wells Fargo & Company set a $160.00 price objective on UMB Financial and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Barclays reaffirmed an “overweight” rating and issued a $175.00 price objective (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Finally, TD Cowen reiterated a “buy” rating and issued a $166.00 target price (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.00.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $145.14 on Monday. The stock’s 50-day moving average is $143.83 and its 200 day moving average is $130.40. UMB Financial Corporation has a one year low of $103.38 and a one year high of $153.32. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. During the same period in the previous year, the company posted $2.96 earnings per share. Equities research analysts anticipate that UMB Financial Corporation will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. UMB Financial’s payout ratio is 14.32%.

Insider Buying and Selling

In related news, insider Phillip James Mason sold 800 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total transaction of $117,600.00. Following the transaction, the insider directly owned 8,894 shares of the company’s stock, valued at $1,307,418. This represents a 8.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total transaction of $297,200.00. Following the completion of the sale, the insider owned 11,981 shares of the company’s stock, valued at $1,780,376.60. The trade was a 14.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,171 shares of company stock worth $4,919,826 over the last ninety days. 5.33% of the stock is owned by company insiders.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.