Investors may wish to note that the Senior EVP & Corporate Banking President of Sterling Bancorp, Thomas Geisel, recently netted US$91k from selling stock, receiving an average price of US$11.46. It might not be a huge sale, but it did reduce their holding size 23%, hardly encouraging.
Sterling Bancorp Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Senior EVP & Chief Administrative Officer, Rodney Whitwell, for US$214k worth of shares, at about US$14.00 per share. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$11.25. So it may not tell us anything about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 38.35k shares worth US$442k. But insiders sold 32.12k shares worth US$490k. Over the last year we saw more insider selling of Sterling Bancorp shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Sterling Bancorp insiders own about US$22m worth of shares. That equates to 1.0% 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 Does This Data Suggest About Sterling Bancorp Insiders?
Our data shows a little insider buying, but no selling, in the last three months. The net investment is not enough to encourage us much. Recent sales exacerbate our caution arising from analysis of Sterling Bancorp insider transactions. The modest level of insider ownership is, at least, some comfort. So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. To assist with this, we’ve discovered 1 warning sign that you should run your eye over to get a better picture of Sterling Bancorp.
Of course Sterling 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.
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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. 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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