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Even if it's not a huge purchase, we think it was good to see that Martin Tuchman, a The Bank of Princeton (NASDAQ:BPRN) insider, recently shelled out US$95k to buy stock, at US$27.24 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.
See our latest analysis for Bank of Princeton
The Last 12 Months Of Insider Transactions At Bank of Princeton
In the last twelve months, the biggest single purchase by an insider was when Independent Chairman of the Board Richard Gillespie bought US$99k worth of shares at a price of US$25.45 per share. So it's clear an insider wanted to buy, at around the current price, which is US$28.09. That means they have been optimistic about the company in the past, though they may have changed their mind. 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.
Over the last year, we can see that insiders have bought 7.50k shares worth US$195k. But they sold 1.80k shares for US$40k. In total, Bank of Princeton insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Bank of Princeton is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Bank of Princeton Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Bank of Princeton insiders own about US$39m worth of shares. That equates to 20% of the company. 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 Bank of Princeton Insider Transactions Indicate?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Bank of Princeton shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bank of Princeton. You'd be interested to know, that we found 1 warning sign for Bank of Princeton and we suggest you have a look.