Yahoo Finance Insider Buying: The Atlantic Union Bankshares Corporation (NASDAQ:AUB) President Just Bought 4.4% More Shares
Potential Atlantic Union Bankshares Corporation (NASDAQ:AUB) shareholders may wish to note that the President, John Asbury, recently bought US$249k worth of stock, paying US$34.48 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.4%.
See our latest analysis for Atlantic Union Bankshares
The Last 12 Months Of Insider Transactions At Atlantic Union Bankshares
Notably, that recent purchase by John Asbury is the biggest insider purchase of Atlantic Union Bankshares shares that we've seen in the last year. That means that even when the share price was higher than US$33.90 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. 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 12.24k shares for US$424k. On the other hand they divested 2.50k shares, for US$86k. Overall, Atlantic Union Bankshares insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Atlantic Union Bankshares is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.4% of Atlantic Union Bankshares shares, worth about US$34m. 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 Atlantic Union Bankshares Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Atlantic Union Bankshares shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in Atlantic Union Bankshares, you should check out this free report on analyst forecasts for the company.
Of course Atlantic Union Bankshares may not be the best stock to buy. So you may wish to see this free collection of high quality 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, but not derivative transactions.
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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.
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