Neumeier Poma Investment Counsel LLC acquired a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 410,797 shares of the bank's stock, valued at approximately $58,645,380. UMB Financial comprises about 0.0% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 4th biggest holding. Neumeier Poma Investment Counsel LLC owned 0.54% of UMB Financial at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new position in UMB Financial in the 1st quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of UMB Financial during the fourth quarter worth about $27,000. Axiom Investment Management LLC purchased a new position in shares of UMB Financial in the 1st quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of UMB Financial during the second quarter worth $38,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in UMB Financial during the 4th quarter valued at $34,000. 87.78% of the stock is currently owned by institutional investors.
Insider Buying and Selling at UMB Financial
In other news, Director Kevin Charles Gallagher sold 360 shares of UMB Financial stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $145.13, for a total value of $52,246.80. Following the transaction, the director owned 11,863 shares of the company's stock, valued at $1,721,677.19. The trade was a 2.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikki Farentino Newton sold 2,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total transaction of $297,200.00. Following the completion of the sale, the insider owned 11,981 shares of the company's stock, valued at $1,780,376.60. This trade represents a 14.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 34,171 shares of company stock valued at $4,919,826. 5.33% of the stock is currently owned by insiders.
UMB Financial Stock Performance
UMB Financial stock remained flat at $144.54 during midday trading on Friday. The company had a trading volume of 268,611 shares, compared to its average volume of 617,427. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a fifty day moving average price of $144.63 and a 200-day moving average price of $130.76. The stock has a market capitalization of $10.98 billion, a PE ratio of 12.03, a PEG ratio of 0.70 and a beta of 0.77. UMB Financial Corporation has a 52-week low of $103.38 and a 52-week high of $153.32.
UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the prior year, the firm earned $2.96 EPS. Equities analysts predict that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.
UMB Financial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. This is a boost from UMB Financial's previous quarterly dividend of $0.43. UMB Financial's payout ratio is presently 16.65%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on UMBF shares. JPMorgan Chase & Co. started coverage on shares of UMB Financial in a research note on Thursday, August 20th. They set an "overweight" rating and a $180.00 target price for the company. Raymond James Financial assumed coverage on shares of UMB Financial in a research note on Thursday. They issued an "outperform" rating and a $165.00 price target on the stock. Citigroup reiterated a "neutral" rating and set a $162.00 price target (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Wells Fargo & Company set a $160.00 price objective on shares of UMB Financial and gave the stock an "equal weight" rating in a report on Monday, August 10th. Finally, Keefe, Bruyette & Woods raised their price objective on UMB Financial from $155.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, UMB Financial has a consensus rating of "Moderate Buy" and an average target price of $166.54.
Get Our Latest Research Report on UMB Financial
UMB Financial Company Profile
(
Free Report)
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.
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