Yahoo Finance Bancorp's Mark Connolly Acquires 11% More Stock
The Bancorp, Inc. (NASDAQ:TBBK) shareholders (or potential shareholders) will be happy to see that insider Mark Connolly recently bought a whopping US$621k worth of stock, at a price of US$31.07. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 11%.
See our latest analysis for Bancorp
The Last 12 Months Of Insider Transactions At Bancorp
The Independent Director Matthew Cohn made the biggest insider purchase in the last 12 months. That single transaction was for US$683k worth of shares at a price of US$38.32 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$31.92). 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. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 77.19k shares for US$2.8m. On the other hand they divested 65.06k shares, for US$2.4m. In total, Bancorp insiders bought more than they sold over the last year. 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 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 Bancorp
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 4.4% of Bancorp shares, worth about US$74m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Bancorp Tell Us?
The stark truth for Bancorp is that there has been more insider selling than insider buying in the last three months. But we take heart from prior transactions. And insiders do own shares. So the recent selling doesn't worry us too much. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Bancorp.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
