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It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in Atlantic Union Bankshares Corporation's (NYSE:AUB) case, it's fantastic news for shareholders.
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.
Check out our latest analysis for Atlantic Union Bankshares
Atlantic Union Bankshares Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Frank Ellett bought US$454k worth of shares at a price of US$31.71 per share. Even though the purchase was made at a significantly lower price than the recent price (US$36.53), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
In the last twelve months insiders purchased 21.47k shares for US$700k. On the other hand they divested 2.19k shares, for US$75k. Overall, Atlantic Union Bankshares insiders were net buyers during the last year. 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Atlantic Union Bankshares
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Atlantic Union Bankshares insiders own 0.9% of the company, worth about US$35m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Atlantic Union Bankshares Insider Transactions Indicate?
The fact that there have been no Atlantic Union Bankshares insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Atlantic Union Bankshares insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Atlantic Union Bankshares. While conducting our analysis, we found that Atlantic Union Bankshares has 1 warning sign and it would be unwise to ignore it.