Potential Professional Holding Corp. (NASDAQ:PFHD) shareholders may wish to note that the Independent Director, Rolando DiGasbarro, recently bought US$215k worth of stock, paying US$10.75 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 82%, potentially signalling some real optimism.
View our latest analysis for Professional Holding
The Last 12 Months Of Insider Transactions At Professional Holding
In fact, the recent purchase by Rolando DiGasbarro was the biggest purchase of Professional 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$11.57. 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. The good news for Professional Holding share holders is that insiders were buying at near the current price.
While Professional Holding insiders bought shares during the last year, they didn't sell. Their average price was about US$12.57. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Professional Holding Boast High Insider Ownership?
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. From our data, it seems that Professional Holding insiders own 5.0% of the company, worth about US$7.7m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Professional Holding Tell Us?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Professional Holding insiders are reasonably well aligned, and optimistic for the future. 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. For example - Professional Holding has 2 warning signs we think you should be aware of.