Anyone interested in Huntington Bancshares Incorporated (NASDAQ:HBAN) should probably be aware that the Chief Human Resources Officer & Senior EVP, Rajeev Syal, recently divested US$365k worth of shares in the company, at an average price of US$14.50 each. That sale was 22% of their holding, so it does make us raise an eyebrow.
The Last 12 Months Of Insider Transactions At Huntington Bancshares
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 even when the share price was below the current price of US$14.34, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it’s only a weak signal. This single sale was just 19% of Daniel Neumeyer’s stake.
All up, insiders sold more shares in Huntington Bancshares than they bought, over the last year. You can see the insider transactions (by 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!
I will like Huntington Bancshares better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Huntington Bancshares insiders own 0.9% of the company, currently worth about US$139m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Huntington Bancshares Tell Us?
Insiders haven’t bought Huntington Bancshares stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn’t give us much comfort. 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.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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