Even if it’s not a huge purchase, we think it was good to see that Terence Street, the Independent Director of Bank of Commerce Holdings (NASDAQ:BOCH) recently shelled out US$63k to buy stock, at US$7.89 per share. While we’re hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 19%.
Bank of Commerce Holdings Insider Transactions Over The Last Year
The Independent Chairman of the Board Lyle Tullis made the biggest insider purchase in the last 12 months. That single transaction was for US$138k worth of shares at a price of US$6.88 each. So it’s clear an insider wanted to buy, at around the current price, which is US$7.74. Of course they may have changed their mind. But this suggests they are optimistic. 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. In this case we’re pleased to report that the insider purchases were made at close to current prices.
While Bank of Commerce Holdings insiders bought shares during the last year, they didn’t sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Bank of Commerce Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Bank of Commerce Holdings Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Bank of Commerce Holdings insiders own about US$8.3m worth of shares (which is 6.5% of the company). We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Bank of Commerce Holdings Tell Us?
It is good to see recent purchasing. 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 Bank of Commerce Holdings stock. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. For instance, we’ve identified 2 warning signs for Bank of Commerce Holdings (1 shouldn’t be ignored) you should be aware of.
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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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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