Chief Financial Officer Geir-Egil Bolstad Just Bought 34% More Shares In SpareBank 1 Østlandet (OB:SPOL)

Investors who take an interest in SpareBank 1 Østlandet (OB:SPOL) should definitely note that the Chief Financial Officer, Geir-Egil Bolstad, recently paid kr92.05 per share to buy kr920k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 34%.

See our latest analysis for SpareBank 1 Østlandet

The Last 12 Months Of Insider Transactions At SpareBank 1 Østlandet

Notably, that recent purchase by Geir-Egil Bolstad is the biggest insider purchase of SpareBank 1 Østlandet shares that we've seen in the last year. That implies that an insider found the current price of kr92.20 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for SpareBank 1 Østlandet share holders is that insiders were buying at near the current price.

Happily, we note that in the last year insiders paid kr2.3m for 26.58k shares. On the other hand they divested 4.06k shares, for kr356k. Overall, SpareBank 1 Østlandet insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of SpareBank 1 Østlandet

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own kr16m worth of SpareBank 1 Østlandet stock, about 0.1% of the company. I generally like to see higher levels of ownership.

So What Do The SpareBank 1 Østlandet Insider Transactions Indicate?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of SpareBank 1 Østlandet we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SpareBank 1 Østlandet. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of SpareBank 1 Østlandet.

But note: SpareBank 1 Østlandet may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

If you’re looking to trade SpareBank 1 Østlandet, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.