15% Of This ConnectOne Bancorp Insider's Holdings Were Sold

Insiders were net sellers of ConnectOne Bancorp, Inc.'s (NASDAQ:CNOB ) stock during the past year. That is, insiders sold more stock than they bought.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for ConnectOne Bancorp

ConnectOne Bancorp Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Independent Director, Michael Kempner, sold US$983k worth of shares at a price of US$20.70 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$17.91. So it may not tell us anything about how insiders feel about the current share price. Michael Kempner was the only individual insider to sell over the last year.

In the last twelve months insiders purchased 15.35k shares for US$266k. On the other hand they divested 47.50k shares, for US$983k. 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 6.5% of ConnectOne Bancorp shares, worth about US$44m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At ConnectOne Bancorp Tell Us?

There haven't been any insider transactions in the last three months -- that doesn't mean much. Still, the insider transactions at ConnectOne Bancorp in the last 12 months are not very heartening. But it's good to see that insiders own shares in the company. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for ConnectOne Bancorp.

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.