Potential Simmons First National Corporation (NASDAQ:SFNC) shareholders may wish to note that the Chairman & CEO, George Makris, recently bought US$330k worth of stock, paying US$24.38 for each share. While that’s a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.4%.
The Last 12 Months Of Insider Transactions At Simmons First National
Notably, that recent purchase by George Makris is the biggest insider purchase of Simmons First National shares that we’ve seen in the last year. That implies that an insider found the current price of US$24.71 per share to be enticing. 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. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Simmons First National insiders decided to buy shares at close to current prices.
Happily, we note that in the last year insiders bought 32018 shares for a total of US$791k. While Simmons First National insiders bought shares last year, they didn’t sell. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Insider Ownership of Simmons First National
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. It appears that Simmons First National insiders own 1.8% of the company, worth about US$44m. 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 Simmons First National Tell Us?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Simmons First National shares, given these transactions (along with notable insider ownership of the company). Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Simmons First National.
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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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