The Chief Lending Officer of Capitol Federal Financial, Inc. (NASDAQ:CFFN), Rick Jackson, Just Bought 4.8% More Shares
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Even if it's not a huge purchase, we think it was good to see that Rick Jackson, the Chief Lending Officer of Capitol Federal Financial, Inc. (NASDAQ:CFFN) recently shelled out US$63k to buy stock, at US$8.98 per share. However, it only increased their shares held by 4.8%, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for Capitol Federal Financial
The Last 12 Months Of Insider Transactions At Capitol Federal Financial
In fact, the recent purchase by Rick Jackson was the biggest purchase of Capitol Federal Financial shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$9.20 per share to be enticing. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months insiders purchased 14.59k shares for US$146k. But insiders sold 2.69k shares worth US$33k. In the last twelve months there was more buying than selling by Capitol Federal Financial insiders. Their average price was about US$10.01. This is nice to see since it implies that insiders might see value around current prices. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart 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.
Insider Ownership Of Capitol Federal Financial
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 1.9% of Capitol Federal Financial shares, worth about US$24m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Capitol Federal Financial Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Capitol Federal Financial shares, given these transactions (along with notable insider ownership of 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. At Simply Wall St, we've found that Capitol Federal Financial has 2 warning signs (1 is significant!) that deserve your attention before going any further with your analysis.