UMB Financial Corporation $UMBF Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC decreased its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 1.7% in the 2nd quarter, Holdings Channel reports. The firm owned 306,764 shares of the bank’s stock after selling 5,435 shares during the period. UMB Financial accounts for about 3.0% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 13th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in UMB Financial were worth $32,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of UMBF. Truist Financial Corp increased its stake in UMB Financial by 0.5% in the second quarter. Truist Financial Corp now owns 20,426 shares of the bank’s stock valued at $2,148,000 after purchasing an additional 97 shares during the period. MAI Capital Management increased its position in UMB Financial by 14.7% in the 1st quarter. MAI Capital Management now owns 771 shares of the bank’s stock valued at $78,000 after acquiring an additional 99 shares during the period. OLD National Bancorp IN raised its stake in UMB Financial by 0.4% during the 2nd quarter. OLD National Bancorp IN now owns 22,834 shares of the bank’s stock valued at $2,401,000 after acquiring an additional 100 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in UMB Financial by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,298 shares of the bank’s stock worth $978,000 after acquiring an additional 153 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of UMB Financial by 3.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,931 shares of the bank’s stock valued at $624,000 after purchasing an additional 170 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UMBF shares. Raymond James Financial restated a “strong-buy” rating and set a $135.00 price target (down previously from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. TD Cowen dropped their price objective on shares of UMB Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Piper Sandler restated an “overweight” rating and set a $145.00 price objective (down previously from $148.00) on shares of UMB Financial in a research report on Thursday, October 30th. Hovde Group began coverage on shares of UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating on the stock. Finally, Cowen began coverage on shares of UMB Financial in a research note on Wednesday, September 24th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Insiders Place Their Bets

In related news, insider Shannon Andresen Johnson sold 1,367 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total value of $164,832.86. Following the completion of the transaction, the insider directly owned 34,124 shares of the company’s stock, valued at $4,114,671.92. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nikki Farentino Newton sold 1,300 shares of UMB Financial stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total value of $137,917.00. Following the transaction, the insider directly owned 13,667 shares of the company’s stock, valued at approximately $1,449,932.03. This represents a 8.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have acquired 683 shares of company stock worth $75,961 and have sold 5,877 shares worth $683,734. 5.45% of the stock is currently owned by insiders.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $104.17 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.77 and a current ratio of 0.75. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The firm has a market capitalization of $7.91 billion, a P/E ratio of 11.80, a PEG ratio of 1.11 and a beta of 0.80. The company’s fifty day moving average is $114.33 and its two-hundred day moving average is $110.59.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.48 by $0.22. The firm had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The business’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.25 earnings per share. Analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.43 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.7%. UMB Financial’s dividend payout ratio is presently 19.48%.

UMB Financial 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.