Neumeier Poma Investment Counsel LLC Has $40.01 Million Stock Holdings in UMB Financial Corporation $UMBF

Neumeier Poma Investment Counsel LLC boosted its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 10.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 338,052 shares of the bank’s stock after acquiring an additional 31,288 shares during the period. 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 owned about 0.45% of UMB Financial worth $40,008,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in shares of UMB Financial by 636.7% in the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after purchasing an additional 1,286,543 shares during the last quarter. Norges Bank bought a new stake in shares of UMB Financial during the 2nd quarter worth about $93,829,000. State Street Corp grew its stake in UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after buying an additional 313,414 shares during the last quarter. WCM Investment Management LLC bought a new position in UMB Financial in the 3rd quarter valued at about $21,778,000. Finally, Global Alpha Capital Management Ltd. lifted its position in UMB Financial by 26.1% during the second quarter. Global Alpha Capital Management Ltd. now owns 644,644 shares of the bank’s stock worth $67,791,000 after acquiring an additional 133,507 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity at UMB Financial

In related news, Director Greg M. Graves purchased 220 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was bought at an average price of $127.83 per share, with a total value of $28,122.60. Following the completion of the purchase, the director owned 39,541 shares in the company, valued at approximately $5,054,526.03. This represents a 0.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin Charles Gallagher sold 388 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the transaction, the director owned 12,488 shares of the company’s stock, valued at approximately $1,614,698.40. The trade was a 3.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,469 shares of company stock worth $4,218,998 over the last three months. Company insiders own 5.45% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF opened at $121.90 on Thursday. The business has a 50-day simple moving average of $123.56 and a two-hundred day simple moving average of $118.24. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $136.11. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $9.26 billion, a PE ratio of 13.35, a PEG ratio of 0.86 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The business had revenue of $469.80 million for the quarter, compared to the consensus estimate of $677.30 million. During the same period last year, the company earned $2.49 EPS. The firm’s revenue was up 66.0% compared to the same quarter last year. Analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be paid a $0.43 dividend. 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 payout ratio is currently 18.84%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UMBF. Truist Financial set a $150.00 target price on UMB Financial in a research note on Friday, January 30th. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Citigroup lifted their target price on UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Piper Sandler boosted their target price on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Finally, Barclays reaffirmed an “overweight” rating and set a $160.00 price target on shares of UMB Financial in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, UMB Financial presently has a consensus rating of “Buy” and an average price target 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.