Yahoo Finance The of Penns Woods Bancorp, Inc. (NASDAQ:PWOD), William Edwards, Just Bought 102% More Shares
Investors who take an interest in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) should definitely note that insider William Edwards recently paid US$32.75 per share to buy US$308k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 102%.
View our latest analysis for Penns Woods Bancorp
The Last 12 Months Of Insider Transactions At Penns Woods Bancorp
Notably, that recent purchase by William Edwards is the biggest insider purchase of Penns Woods Bancorp shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$32.11). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
In the last twelve months Penns Woods Bancorp insiders were buying shares, but not selling. You can see the insider transactions (by 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!
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.
Does Penns Woods Bancorp Boast High 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Penns Woods Bancorp insiders own 3.5% of the company, worth about US$8.0m. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Penns Woods Bancorp Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Penns Woods Bancorp stock. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
Of course Penns Woods Bancorp 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
