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Investors who take an interest in PCB Bancorp (NASDAQ:PCB) should definitely note that the Independent Chairman of the Board, Sang Lee, recently paid US$19.45 per share to buy US$200k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Check out our latest analysis for PCB Bancorp
The Last 12 Months Of Insider Transactions At PCB Bancorp
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Daniel Cho, sold US$462k worth of shares at a price of US$18.47 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$19.65. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 20% of Daniel Cho's stake. Daniel Cho was the only individual insider to sell shares in the last twelve months.
Over the last year, we can see that insiders have bought 107.35k shares worth US$2.0m. But insiders sold 25.00k shares worth US$462k. In total, PCB Bancorp insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
PCB Bancorp is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of PCB Bancorp
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 22% of PCB Bancorp shares, worth about US$61m. 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 PCB Bancorp Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest PCB Bancorp insiders are well aligned, and that they may think the share price is too low. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for PCB Bancorp.