Neumeier Poma Investment Counsel LLC Has $35.34 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

Neumeier Poma Investment Counsel LLC trimmed its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 313,124 shares of the bank's stock after selling 6,616 shares during the quarter. UMB Financial makes up approximately 3.4% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 8th largest position. Neumeier Poma Investment Counsel LLC owned 0.64% of UMB Financial worth $35,339,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas boosted its holdings in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after acquiring an additional 268 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of UMB Financial in the 3rd quarter worth $83,000. Venturi Wealth Management LLC purchased a new position in shares of UMB Financial in the fourth quarter worth $96,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of UMB Financial during the fourth quarter valued at $103,000. Finally, R Squared Ltd bought a new position in UMB Financial during the 4th quarter valued at about $117,000. Institutional investors own 87.78% of the company's stock.

Insider Activity

In related news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated 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 transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company's stock.

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Wall Street Analysts Forecast Growth

UMBF has been the topic of several research reports. StockNews.com cut shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Tuesday, March 25th. Piper Sandler raised their target price on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Barclays raised their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Citigroup reiterated a "neutral" rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Morgan Stanley cut their price objective on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $128.71.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $101.10 on Tuesday. The stock has a 50-day moving average price of $109.46 and a 200 day moving average price of $112.52. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. The stock has a market capitalization of $7.35 billion, a P/E ratio of 11.25 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company earned $2.29 EPS. Equities research analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

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 issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.58%. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

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.