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

Neumeier Poma Investment Counsel LLC purchased a new position in UMB Financial Corporation (NASDAQ:UMBF) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 410,797 shares of the bank’s stock, valued at approximately $58,645,380,000. UMB Financial comprises approximately 4.0% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 4th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in UMBF. MBM Wealth Consultants LLC bought a new stake in shares of UMB Financial during the first quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new position in shares of UMB Financial in the 4th quarter worth $27,000. Axiom Investment Management LLC bought a new position in shares of UMB Financial in the 1st quarter worth $28,000. Hilton Head Capital Partners LLC acquired a new stake in UMB Financial in the 4th quarter valued at $34,000. Finally, Torren Management LLC acquired a new stake in UMB Financial in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $145.14 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.02 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.71 and a beta of 0.77. The stock’s fifty day simple moving average is $143.83 and its two-hundred day simple moving average is $130.40. UMB Financial Corporation has a 1-year low of $103.38 and a 1-year high of $153.32.

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

UMB Financial Increases Dividend

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

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 15,062 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.55, for a total value of $2,237,460.10. Following the completion of the sale, the chief executive officer owned 1,491,138 shares in the company, valued at approximately $221,508,549.90. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 360 shares of UMB Financial stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $145.13, for a total transaction of $52,246.80. Following the transaction, the director directly owned 11,863 shares in the company, valued at approximately $1,721,677.19. This represents a 2.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,171 shares of company stock worth $4,919,826 in the last ninety days. 5.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UMBF has been the subject of a number of recent research reports. Barclays restated an “overweight” rating and set a $175.00 price target (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th. Stephens initiated coverage on shares of UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price objective for the company. Truist Financial set a $170.00 target price on shares of UMB Financial and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company set a $160.00 target price on shares of UMB Financial and gave the stock an “equal weight” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.00.

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.