Insiders At Eurobank Ergasias Services and Holdings Sold €3.1m In Stock, Alluding To Potential Weakness

Many Eurobank Ergasias Services and Holdings S.A. (ATH:EUROB) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, if numerous insiders are selling, shareholders should investigate more.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Eurobank Ergasias Services and Holdings

Eurobank Ergasias Services and Holdings Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the GM of Group Finance & Group CFO, Charalambos Harris Kokologiannis, sold €589k worth of shares at a price of €2.05 per share. That means that an insider was selling shares at slightly below the current price (€2.26). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. 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. We note that the biggest single sale was 54% of Charalambos Harris Kokologiannis's holding.

In the last year Eurobank Ergasias Services and Holdings insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and 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!

I will like Eurobank Ergasias Services and Holdings better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Eurobank Ergasias Services and Holdings Insiders Are Selling The Stock

The last quarter saw substantial insider selling of Eurobank Ergasias Services and Holdings shares. In total, insider Anastasios Ioannidis sold €188k worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.

Does Eurobank Ergasias Services and Holdings Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Eurobank Ergasias Services and Holdings insiders own 0.1% of the company, worth about €8.7m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Eurobank Ergasias Services and Holdings Tell Us?

An insider hasn't bought Eurobank Ergasias Services and Holdings stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Eurobank Ergasias Services and Holdings makes money, and is growing profits. When you combine this with the relatively low insider ownership, we are very cautious about the stock. So we'd only buy after very careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Eurobank Ergasias Services and Holdings has 1 warning sign we think 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 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.