James D. Rine, President of UMB Financial Corp (NASDAQ:UMBF), executed a significant divestment of company shares valued at $1,093,296 on June 9, 2026. The transaction involved two separate sales of common stock, bringing the total shares sold to 8,246. This move occurs as UMB Financial trades near its 52-week high of $136.11, with the stock delivering a 26% return over the past year.
The executive's recent filing details two distinct transactions. The first involved the sale of 7,172 shares at a weighted average price of $132.49. These shares were disposed of in multiple transactions at prices ranging from $132.00 to $132.99. The second transaction saw the sale of 1,074 shares at a weighted average price of $133.22, with individual sales occurring at prices from $133.00 to $133.22.
Following these transactions, Mr. Rine directly holds 61,446.1751 shares of UMB Financial Corp common stock. Additionally, he holds 1,487.754 shares indirectly through an Employee Stock Ownership Plan (ESOP).
The sale comes as UMBF trades near its 52-week high of $136.11, with the stock delivering a 26% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, trading at $131.96 with a P/E ratio of 11.71. For deeper insights into UMBF's valuation and performance metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, UMB Financial Corporation reported strong financial results for the first quarter of 2026. The company exceeded market expectations with an earnings per share of $3.41, compared to the anticipated $2.82, representing a significant 20.92% surprise. Additionally, UMB Financial's revenue reached $739.2 million, surpassing the forecasted $701.79 million and marking a 5.33% revenue surprise. Piper Sandler reiterated an Overweight stock rating for UMB Financial, maintaining a price target of $155.00. The firm highlighted the company's potential to outperform through organic balance sheet growth, net interest income, and core fee income growth. Meanwhile, Raymond James removed UMB Financial from its concentrated stock list following the departure of their analyst covering the company. These developments reflect the latest updates surrounding UMB Financial and its market positioning.
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