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Even if it's not a huge purchase, we think it was good to see that Sang Lee, the Independent Chairman of the Board of PCB Bancorp (NASDAQ:PCB) recently shelled out US$89k to buy stock, at US$19.78 per share. 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
Over the last year, we can see that the biggest insider sale was by the Independent Director, Daniel Cho, for US$462k worth of shares, at about US$18.47 per share. That means that even when the share price was below the current price of US$20.15, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. 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. It is worth noting that this sale was only 20% of Daniel Cho's holding. Daniel Cho was the only individual insider to sell shares in the last twelve months.
In the last twelve months insiders purchased 101.07k shares for US$1.8m. But insiders sold 25.00k shares worth US$462k. In the last twelve months there was more buying than selling by PCB Bancorp insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
PCB Bancorp is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does PCB Bancorp 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. It appears that PCB Bancorp insiders own 22% of the company, worth about US$64m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The PCB Bancorp Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of PCB Bancorp we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in PCB Bancorp, you should check out this free report on analyst forecasts for the company.