Even if it's not a huge purchase, we think it was good to see that Michael Harrington, the Chief Financial Officer of Bryn Mawr Bank Corporation (NASDAQ:BMTC) recently shelled out US$91k to buy stock, at US$30.43 per share. That purchase might not be huge but it did increase their holding by 20%.
Bryn Mawr Bank Insider Transactions Over The Last Year
Notably, that recent purchase by Michael Harrington is the biggest insider purchase of Bryn Mawr Bank shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$30.47. 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. The good news for Bryn Mawr Bank share holders is that insiders were buying at near the current price.
In the last twelve months Bryn Mawr Bank insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Does Bryn Mawr Bank Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that Bryn Mawr Bank insiders own 1.6% of the company, worth about US$9.6m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Bryn Mawr Bank Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Bryn Mawr Bank insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Bryn Mawr Bank.
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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