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Investors who take an interest in Investar Holding Corporation (NASDAQ:ISTR) should definitely note that the Chairman of the Board, William Hidalgo, recently paid US$11.42 per share to buy US$114k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 16%.
See our latest analysis for Investar Holding
The Last 12 Months Of Insider Transactions At Investar Holding
In fact, the recent purchase by William Hidalgo was the biggest purchase of Investar Holding shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$12.38. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Investar Holding insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 19.52k shares for US$253k. But they sold 6.81k shares for US$140k. In the last twelve months there was more buying than selling by Investar Holding insiders. Their average price was about US$12.98. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. 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 growing companies that insiders are buying.
Does Investar Holding Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 6.6% of Investar Holding shares, worth about US$8.1m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Investar Holding Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Investar Holding stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Investar Holding. Case in point: We've spotted 2 warning signs for Investar Holding you should be aware of, and 1 of them is a bit unpleasant.