UMB Financial Co. (NASDAQ:UMBF) is Neumeier Poma Investment Counsel LLC’s 8th Largest Position

Neumeier Poma Investment Counsel LLC lessened its holdings in UMB Financial Co. (NASDAQ:UMBF) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 313,124 shares of the bank’s stock after selling 6,616 shares during the period. UMB Financial accounts for approximately 3.4% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 8th largest holding. Neumeier Poma Investment Counsel LLC’s holdings in UMB Financial were worth $35,339,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Cerity Partners LLC raised its position in shares of UMB Financial by 767.4% during the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock worth $2,236,000 after purchasing an additional 18,817 shares during the last quarter. US Bancorp DE raised its holdings in shares of UMB Financial by 46.9% in the fourth quarter. US Bancorp DE now owns 13,105 shares of the bank’s stock worth $1,479,000 after acquiring an additional 4,182 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 acquiring an additional 694,751 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of UMB Financial by 107.8% during the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock valued at $626,000 after acquiring an additional 2,877 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock worth $117,139,000 after purchasing an additional 21,091 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UMBF has been the topic of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Piper Sandler lifted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup reissued a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Barclays lifted their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $128.71.

UMB Financial Trading Down 1.1 %

Shares of UMBF opened at $103.86 on Thursday. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The firm has a market capitalization of $7.55 billion, a P/E ratio of 11.55 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $110.53 and its 200 day simple moving average is $112.45.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period in the prior year, the business posted $2.29 EPS. On average, equities research analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

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

Insiders Place Their Bets

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

About UMB Financial

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.