Neumeier Poma Investment Counsel LLC Purchases 31,288 Shares of UMB Financial Corporation $UMBF

Neumeier Poma Investment Counsel LLC grew its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 10.2% in the third quarter, HoldingsChannel.com reports. The fund owned 338,052 shares of the bank’s stock after acquiring an additional 31,288 shares during the quarter. UMB Financial accounts for 3.3% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 10th biggest position. Neumeier Poma Investment Counsel LLC’s holdings in UMB Financial were worth $40,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in UMBF. OneDigital Investment Advisors LLC boosted its position in shares of UMB Financial by 21.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,910 shares of the bank’s stock valued at $344,000 after purchasing an additional 506 shares in the last quarter. CenterBook Partners LP lifted its stake in UMB Financial by 22.8% in the third quarter. CenterBook Partners LP now owns 8,879 shares of the bank’s stock valued at $1,051,000 after buying an additional 1,648 shares during the period. First National Bank of Omaha acquired a new position in UMB Financial in the third quarter valued at approximately $2,158,000. Rothschild Investment LLC boosted its holdings in shares of UMB Financial by 413.0% during the 3rd quarter. Rothschild Investment LLC now owns 1,421 shares of the bank’s stock worth $168,000 after buying an additional 1,144 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of UMB Financial by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,938 shares of the bank’s stock worth $37,510,000 after buying an additional 1,559 shares during the period. 87.78% of the stock is owned by institutional investors.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Greg M. Graves acquired 220 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were acquired at an average price of $127.83 per share, with a total value of $28,122.60. Following the completion of the transaction, the director owned 39,541 shares in the company, valued at approximately $5,054,526.03. This trade represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO J Mariner Kemper sold 15,367 shares of UMB Financial stock in a transaction on Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the sale, the chief executive officer owned 1,521,414 shares in the company, valued at $174,323,616.12. The trade was a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,469 shares of company stock worth $4,218,998 in the last 90 days. Insiders own 5.45% of the company’s stock.

UMB Financial Stock Up 1.9%

Shares of NASDAQ:UMBF opened at $121.90 on Thursday. The business’s 50 day moving average is $123.56 and its 200 day moving average is $118.24. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $136.11. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.86 and a beta of 0.79. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The business had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. During the same period last year, the business earned $2.49 EPS. The business’s revenue was up 66.0% on a year-over-year basis. On average, sell-side analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is currently 18.84%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UMBF shares. Truist Financial set a $150.00 target price on shares of UMB Financial in a research report on Friday, January 30th. Piper Sandler lifted their price target on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Weiss Ratings upgraded UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Citigroup boosted their target price on UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, TD Cowen reiterated a “buy” rating on shares of UMB Financial in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $141.00.

About UMB Financial

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.