Deputy CEO Of Eurobank Ergasias Services and Holdings Sold 44% Of Their Shares

Some Eurobank Ergasias Services and Holdings S.A. (ATH:EUROB) shareholders may be a little concerned to see that the Deputy CEO, Konstantinos Vassiliou, recently sold a substantial €1.2m worth of stock at a price of €3.26 per share. That's a big disposal, and it decreased their holding size by 44%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Eurobank Ergasias Services and Holdings

In the last twelve months, the biggest single sale by an insider was when the insider, Anastasios Ioannidis, sold €2.6m worth of shares at a price of €2.55 per share. That means that an insider was selling shares at slightly below the current price (€3.22). 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was 89% of Anastasios Ioannidis's holding. Notably Anastasios Ioannidis was also the biggest buyer, having purchased €12m worth of shares.

All up, insiders sold more shares in Eurobank Ergasias Services and Holdings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Eurobank Ergasias Services and Holdings

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Insider Ownership Of Eurobank Ergasias Services and Holdings

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 0.1% of Eurobank Ergasias Services and Holdings shares, worth about €13m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Eurobank Ergasias Services and Holdings Insiders?

Insiders sold Eurobank Ergasias Services and Holdings shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Eurobank Ergasias Services and Holdings is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Eurobank Ergasias Services and Holdings. At Simply Wall St, we found 1 warning sign for Eurobank Ergasias Services and Holdings that deserve your attention before buying any shares.

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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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.