UMB Financial Corp (NASDAQ:UMBF) President of Consumer Banking, Abigail M. Wendel, has sold a portion of her company stock, according to a recent filing with the Securities and Exchange Commission. The transactions, which took place on March 13, involved the sale of UMB Financial shares at prices ranging between $80.70 and $80.71, totaling over $95,000.
The SEC filing revealed that Wendel sold 300 shares at $80.71 per share and an additional 882 shares at $80.70. These sales resulted in a combined total of $95,390 in proceeds. On the same day, Wendel also acquired 1,239 shares of common stock at a price of $75.25 per share, amounting to a total of $93,234.
Following these transactions, Wendel's direct holdings in UMB Financial Corp have adjusted to reflect the recent sales and acquisition. The filing did not indicate any transactions involving derivative securities.
Investors often monitor insider buying and selling as it can provide insights into the executive's view of the company's current valuation and future prospects. However, such transactions do not necessarily signal a change in company fundamentals and can be influenced by a variety of factors including personal financial planning.
UMB Financial Corp, with its headquarters in Kansas City, Missouri, operates as a financial holding company offering banking and other financial services. The company's stock is publicly traded on the NASDAQ under the ticker symbol UMBF.
InvestingPro Insights
Amidst the recent insider stock transactions by UMB Financial Corp's President of Consumer Banking, Abigail M. Wendel, investors may find value in the current financial metrics and performance indicators for the company. UMB Financial Corp (NASDAQ:UMBF) has demonstrated a strong track record of rewarding its shareholders, as evidenced by its impressive history of raising its dividend for 31 consecutive years and maintaining dividend payments for 54 consecutive years. These InvestingPro Tips highlight the company's commitment to consistent shareholder returns.
InvestingPro Data also provides a snapshot of the company's financial health and market performance. With a market capitalization of $3.86 billion and a P/E ratio that has remained fairly stable at 10.94, UMB Financial Corp stands as a significant player in the financial sector. Moreover, the company has experienced a substantial price uptick over the last six months, with a 26.17% price total return, indicating strong investor confidence and market momentum.
Although the company has seen a slight revenue decline of 0.66% in the last twelve months as of Q4 2023, it has managed to maintain a robust operating income margin of 35.7%, showcasing its operational efficiency. Analysts have also revised their earnings upwards for the upcoming period, suggesting optimism about the company's future profitability, which is further supported by the prediction that UMB Financial will be profitable this year.
For investors seeking more detailed analysis and additional insights, there are 7 more InvestingPro Tips available for UMB Financial Corp, which can be explored on InvestingPro. To enhance your investing experience, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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