Richard Heiberg Is The Chief Executive Officer of SpareBank 1 Østlandet (OB:SPOL) And They Just Picked Up 4.9% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the SpareBank 1 Østlandet (OB:SPOL) Chief Executive Officer, Richard Heiberg, recently bought kr513k worth of stock, for kr103 per share. Although the purchase is not a big one, increasing their shareholding by only 4.9%, it can be interpreted as a good sign.

Check out our latest analysis for SpareBank 1 Østlandet

SpareBank 1 Østlandet Insider Transactions Over The Last Year

The Chief Financial Officer Geir-Egil Bolstad made the biggest insider purchase in the last 12 months. That single transaction was for kr920k worth of shares at a price of kr92.05 each. That implies that an insider found the current price of kr103 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. Happily, the SpareBank 1 Østlandet insiders decided to buy shares at close to current prices.

Over the last year, we can see that insiders have bought 31.08k shares worth kr2.8m. But they sold 4.06k shares for kr356k. Overall, SpareBank 1 Østlandet insiders were net buyers during the last year. You can see the insider transactions (by companies and 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!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

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. Based on our data, SpareBank 1 Østlandet insiders have about 0.2% of the stock, worth approximately kr19m. We consider this fairly low insider ownership.

So What Does This Data Suggest About SpareBank 1 Østlandet Insiders?

It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest SpareBank 1 Østlandet insiders are well aligned, and that they may think the share price is too low. 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. While conducting our analysis, we found that SpareBank 1 Østlandet has 1 warning sign and it would be unwise to ignore this.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

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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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