Whilst it may not be a huge deal, we thought it was good to see that the Huntington Bancshares Incorporated (NASDAQ:HBAN) Independent Director, Richard Neu, recently bought US$80k worth of stock, for US$13.52 per share. However, we do note that it only increased their holding by 5.4%, and it wasn’t a huge purchase by absolute value, either.
Check out our latest analysis for Huntington Bancshares
Huntington Bancshares Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Daniel Neumeyer, sold US$822k worth of shares at a price of US$13.71 per share. That means that an insider was selling shares at around the current price of US$13.57. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).
Over the last year, we can see that insiders have bought 23.90k shares worth US$320k. On the other hand they divested 194720 shares, for US$2.7m. All up, insiders sold more shares in Huntington Bancshares than they bought, over the last year. You can see a visual depiction of insider transactions (by 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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Huntington Bancshares
For a common shareholder, it is worth checking how many shares are held by company 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. Huntington Bancshares insiders own about US$132m worth of shares (which is 0.9% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Huntington Bancshares Insider Transactions Indicate?
The insider sales have outweighed the insider buying, at Huntington Bancshares, in the last three months. And our longer term analysis of insider transactions didn’t bring confidence, either. On the plus side, Huntington Bancshares makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. Of course, the future is what matters most. So if you are interested in Huntington Bancshares, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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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