It’s only been half a year since UMB Financial Inc. sold common stock to raise money. Now, the company's board plans to buy back as many as 2 million shares.
The board authorized the repurchase of up to 2 million shares of common stock over the next 12 months. The shares would be used for general corporate purposes and could be available for re-issuance through the company’s stock plans and dividend reinvestment plan.
It’s an interesting move given that UMB just sold 3.9 million shares of…
It’s only been half a year since UMB Financial Inc. sold common stock to raise money. Now, the company's board plans to buy back as many as 2 million shares.
The board authorized the repurchase of up to 2 million shares of common stock over the next 12 months. The shares would be used for general corporate purposes and could be available for re-issuance through the company’s stock plans and dividend reinvestment plan.
It’s an interesting move given that UMB just sold 3.9 million shares of…