Insiders At UMB Financial Sold US$9.2m In Stock, Alluding To Potential Weakness
Insiders At UMB Financial Sold US$9.2m In Stock, Alluding To Potential Weakness
Over the past year, many UMB Financial Corporation (NASDAQ:UMBF) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
在过去的一年里,许多人UMB金融公司纳斯达克(Sequoia Capital:UMBF)内部人士出售了该公司的大量股份,可能激起了投资者的兴趣。在评估内幕交易时,了解内幕人士是否在买入通常更有帮助,因为内幕交易可能有各种解释。然而,当多名内部人士在特定期限内出售股票时,股东应该注意,因为这可能是一个危险信号。
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
尽管就长期投资而言,内幕交易并不是最重要的事情,但我们会认为完全忽视内幕交易是愚蠢的。
View our latest analysis for UMB Financial
查看我们对UMB Financial的最新分析
The Last 12 Months Of Insider Transactions At UMB Financial
UMB Financial最近12个月的内幕交易
Over the last year, we can see that the biggest insider sale was by the Chairman, J. Kemper, for US$1.6m worth of shares, at about US$90.25 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$63.75. So it is hard to draw any strong conclusion from it.
在过去的一年里,我们可以看到,最大的内幕出售是董事长J.Kemper以每股90.25美元的价格购买了价值160万美元的股票。我们通常不喜欢看到内幕销售,但售价越低,我们就越担心。令人欣慰的是,这次出售的价格远远高于目前63.75美元的股价。因此,很难从中得出任何强有力的结论。
Happily, we note that in the last year insiders paid US$851k for 13.01k shares. But they sold 119.50k shares for US$9.2m. Over the last year we saw more insider selling of UMB Financial shares, than buying. The average sell price was around US$76.95. It is certainly not great to see that insiders have sold shares in the company. But we note that the selling, on average, was at well above the recently traded price of US$63.75. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
令人高兴的是,我们注意到,在去年,内部人士支付了85.1万美元购买了13.01K股票。但他们以920万美元的价格出售了11.95亿股。在过去的一年里,我们看到更多的是内部人士抛售UMB Financial股票,而不是购买。平均售价约为76.95美元。看到内部人士出售了该公司的股票,这当然不是什么好事。但我们注意到,平均而言,抛售价格远高于最近63.75美元的交易价格。下面的图表显示了过去一年的内幕交易(按公司和个人)。通过点击下面的图表,你可以看到每一笔内幕交易的准确细节!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
对于那些想要找到赢得投资这免费最近有内幕收购的不断增长的公司名单可能就是合适的选择。
UMB Financial Insiders Are Selling The Stock
UMB金融内部人士正在出售股票
Over the last three months, we've seen notably more insider selling, than insider buying, at UMB Financial. In total, insiders sold US$3.5m worth of shares in that time. On the flip side, insiders spent US$41k on purchasing shares. Since the selling really does outweigh the buying, we'd say that these transactions may suggest that some insiders feel the shares are not cheap.
在过去三个月里,我们看到UMB Financial的内幕出售明显多于内幕收购。在此期间,内部人士总共出售了价值350万美元的股票。另一方面,内部人士斥资4.1万美元购买股票。由于卖出确实超过了买入,我们可以说,这些交易可能表明,一些内部人士认为该股并不便宜。
Insider Ownership Of UMB Financial
UMB Financial的内部人所有权
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. UMB Financial insiders own about US$155m worth of shares (which is 5.1% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
另一种测试公司领导人与其他股东之间一致性的方法是看他们拥有多少股份。我们通常希望看到相当高水平的内部人士持股。UMB Financial内部人士拥有价值约1.55亿美元的股票(占公司5.1%)。大多数股东将乐于看到这种内部人持股,因为这表明管理层的激励与其他股东很好地结合在一起。
What Might The Insider Transactions At UMB Financial Tell Us?
UMB Financial的内幕交易可能告诉我们什么?
The stark truth for UMB Financial is that there has been more insider selling than insider buying in the last three months. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 2 warning signs for UMB Financial you should be aware of, and 1 of them doesn't sit too well with us.
对UMB Financial来说,严峻的事实是,在过去三个月里,内幕出售比内幕购买更多。缩小来看,较长期的图景并不会给我们带来太多安慰。虽然内部人士确实持有该公司的大量股份(这很好),但我们对他们交易的分析并不能让我们对该公司充满信心。虽然我们喜欢知道内部人士的所有权和交易情况,但在做出任何投资决定之前,我们也要确保考虑到一只股票面临的风险。一个恰当的例子:我们发现了UMB Financial的2个警告标志你应该知道,他们中的一个和我们坐在一起不太好。
But note: UMB Financial may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
但请注意:UMB Financial可能不是最值得买入的股票。所以让我们来看看这个免费高净资产收益率和低负债的有趣公司名单。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
就本文而言,内部人是指向相关监管机构报告其交易的个人。我们目前只处理公开市场交易和私下处置直接权益,而不处理衍生工具交易或间接权益。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。