CEO of UMB Financial Corp sells shares worth more than $185,000 by Investing.com

UMB Financial Corp (NASDAQ:) Chairman and CEO Mariner Kemper (NYSE:) recently sold a total of $185,820 worth of company stock, according to a new SEC filing. The trades were executed on May 1, with prices ranging from $80.61 to $80.82 per share.

The filing revealed that there were multiple individual sales of trusts linked to Mr Kemper, all on the same day. The largest transaction involved the sale of 400 shares at a price of $80,815 per share. Another notable sale was the sale of 382 shares for $80.68 each. In total, these sales have reduced the number of shares Mr Kemper holds directly and indirectly in UMB Financial Corp, although he still retains a significant stake in the company following the transactions.

UMB Financial Corp, headquartered in Kansas City, Missouri, operates as a financial services provider through its subsidiary UMB Bank. The company has a long history, with roots dating back to the former United Missouri Bancshares Inc.

Investors often keep an eye on the buying and selling activities of company executives because these can provide insight into their confidence in the company’s future performance. Such sales are regularly reported to the SEC and can affect investor perception and stock performance.

It is worth noting that the sales were executed according to a pre-established 10b5-1 trading plan. Such plans allow company insiders to establish a predetermined schedule for buying or selling stock at a time when they are not in possession of material nonpublic information. This approach helps avoid any concerns about insider trading.

The SEC filing also contained information about a derivative security owned by Mr. Kemper, specifically stock options with an exercise price of $75.25, which were set to expire on February 2, 2027. However, the details of any transactions involving these options were not part of this document. submit.

As UMB Financial Corp continues its operations, investors and analysts will likely keep a close eye on the trading activities of its executives for further indications of the company’s direction and financial health.

InvestingPro Insights

The recent insider selling of UMB Financial Corp (NASDAQ:UMBF) by Chairman and CEO Mariner Kemper comes at a time when the company is showing a mix of promising financials and performance. According to real-time data from InvestingPro, UMBF’s market cap is a robust $4.22 billion, reflecting investor confidence in the company’s value and stability. Despite insider selling concerns, the company’s price-to-earnings ratio remains attractive at 10.88, with a slight increase to 11.47 over the trailing twelve months from Q1 2024, suggesting a reasonable valuation compared to gain.

Investors can take additional confidence from the company’s dividend history. An InvestingPro Tip highlights that UMBF has not only maintained dividend payments, but has also impressively increased its dividend for 54 consecutive years, demonstrating a commitment to shareholder returns. This consistency is an important indicator of UMBF’s financial discipline and long-term perspective.

Moreover, another positive sign for investors is the company’s performance over the past year. UMBF has delivered strong returns with a 50.16% increase in total price returns over one year from the specified date, easily outperforming the broader market. While the recent CEO sales may raise questions, these strong performance indicators indicate solid fundamentals that should reassure investors.

It’s also worth noting that there are more InvestingPro Tips available for those interested in a deeper dive into UMBF’s financial health. For example, five analysts have revised their earnings upward for the coming period, and analysts predict that the company will be profitable this year. These insights, along with others, can be accessed through InvestingPro and users can use the coupon code PRONEWS24 to get an extra 10% discount on an annual or biennial Pro and Pro+ subscription.

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