UMB Financial Corp (NASDAQ:UMBF) Chairman and CEO, Mariner Kemper (NYSE:KMPR), has sold a portion of his company shares, according to a recent filing with the Securities and Exchange Commission. The transactions, which occurred on June 3, 2024, involved the sale of company common stock at prices ranging from $81.0712 to $81.3 per share.
The total value of the shares sold by Mr. Kemper amounted to approximately $683,655. This series of transactions were executed indirectly through a trust, specifically the RC Kemper Irrevocable Trust, as detailed in the SEC filing. Following these sales, Mr. Kemper's holdings in UMB Financial Corp remain substantial, with over 1.7 million shares still owned indirectly through various trusts and entities.
Investors often monitor insider trading activity for insights into a company's health and the confidence level of its executives. In this case, the sale represents a small fraction of Mr. Kemper's total ownership in the company, which includes direct and indirect holdings.
UMB Financial Corp, headquartered in Kansas City, Missouri, operates as a financial services provider offering banking and asset management services to its customers. The company has a long-standing presence in the region and is known for its community banking approach.
The reported transactions were conducted under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid any potential conflict with insider trading laws.
As of the filing date, UMB Financial Corp's stock continues to be an active component of the financial industry, with the company's executives holding significant stakes in its future.
InvestingPro Insights
UMB Financial Corp's (NASDAQ:UMBF) recent insider trading activity has brought the company into the spotlight. With Chairman and CEO Mariner Kemper selling shares, investors may look for additional metrics to gauge the company's financial health and future prospects. The InvestingPro platform provides a deeper dive into UMBF's financials and market performance.
InvestingPro data shows UMB Financial Corp with a solid market capitalization of $3.91 billion, and a P/E ratio that stands at 10.66, closely aligning with the adjusted P/E ratio for the last twelve months as of Q1 2024, which is at 10.63. This valuation metric suggests that the company is reasonably valued in the current market, relative to its earnings. Additionally, the company has demonstrated a steady revenue growth of 1.57% over the last twelve months as of Q1 2024, which can be indicative of its business stability and potential for future expansion.
Investors considering UMB Financial Corp also have InvestingPro Tips to consider. Notably, the company has raised its dividend for an impressive 31 consecutive years and has maintained dividend payments for 54 consecutive years, reflecting a strong commitment to returning value to shareholders. Moreover, 6 analysts have revised their earnings upwards for the upcoming period, signaling positive sentiment around the company's financial performance. These tips, along with many others, are available on the InvestingPro platform at https://www.investing.com/pro/UMBF, where users can access a total of 6 additional InvestingPro Tips to help inform their investment decisions.
For those interested in a deeper analysis, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription on InvestingPro. This offer could provide investors with valuable insights and an edge in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.