Independent Director of Financial Institutions Robert Glaser Buys 9.3% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Financial Institutions, Inc. (NASDAQ:FISI) Independent Director, Robert Glaser, recently bought US$100k worth of stock, for US$25.00 per share. However, it only increased their shares held by 9.3%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Financial Institutions

The Last 12 Months Of Insider Transactions At Financial Institutions

Notably, that recent purchase by Robert Glaser is the biggest insider purchase of Financial Institutions shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$28.45. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Financial Institutions insiders were buying shares, but not selling. 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!

Financial Institutions is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Financial Institutions Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Financial Institutions insiders own 3.0% of the company, worth about US$13m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Financial Institutions Tell Us?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Financial Institutions we think they are probably pretty confident of a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Financial Institutions.

But note: Financial Institutions 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 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.