Anyone interested in First Savings Financial Group, Inc. (NASDAQ:FSFG) should probably be aware that the Executive VP, Anthony Schoen, recently divested US$127k worth of shares in the company, at an average price of US$52.74 each. However, the silver lining is that the sale only reduced their total holding by 4.3%, so we’re hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At First Savings Financial Group
In the last twelve months, the biggest single sale by an insider was when the Corporate Secretary & Director, John Lawson, sold US$335k worth of shares at a price of US$67.95 per share. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$51.16. So it may not shed much light on insider confidence at current levels.
In the last twelve months insiders purchased 7.32k shares for US$430k. But they sold 10193 shares for US$629k. In total, First Savings Financial Group insiders sold more than they bought over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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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. First Savings Financial Group insiders own about US$24m worth of shares. That equates to 20% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About First Savings Financial Group Insiders?
We note that there’s been a little more insider selling than buying, recently. But the difference isn’t enough to have us worried. We’re a little cautious about the insider selling at First Savings Financial Group. But we do like the fact that insiders own a fair chunk of the company. 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. At Simply Wall St, we’ve found that First Savings Financial Group has 4 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.
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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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. Simply Wall St has no position in the stocks mentioned.
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