UMB Financial Co. (NASDAQ:UMBF) Position Lowered by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC trimmed its position in UMB Financial Co. (NASDAQ:UMBF) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,124 shares of the bank’s stock after selling 6,616 shares during the quarter. UMB Financial makes up 3.4% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 8th largest position. Neumeier Poma Investment Counsel LLC owned approximately 0.64% of UMB Financial worth $35,339,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of UMB Financial in the 3rd quarter valued at $48,531,000. Captrust Financial Advisors grew its position in shares of UMB Financial by 258.0% in the 3rd quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after buying an additional 282,783 shares during the last quarter. Systematic Financial Management LP raised its stake in UMB Financial by 438.8% during the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock worth $33,693,000 after acquiring an additional 261,055 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in UMB Financial in the third quarter valued at $18,838,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on UMBF shares. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays raised their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Piper Sandler boosted their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup restated a “neutral” rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, UMB Financial currently has a consensus rating of “Hold” and an average price target of $128.71.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $103.86 on Thursday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 11.55 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The firm’s fifty day moving average price is $110.53 and its 200 day moving average price is $112.45.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the business earned $2.29 EPS. On average, sell-side analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 17.80%.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.