Independent Director Steven Stemler Just Bought 140% More Shares In First Savings Financial Group, Inc. (NASDAQ:FSFG)

Investors who take an interest in First Savings Financial Group, Inc. (NASDAQ:FSFG) should definitely note that the Independent Director, Steven Stemler, recently paid US$19.00 per share to buy US$285k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 140%.

View our latest analysis for First Savings Financial Group

First Savings Financial Group Insider Transactions Over The Last Year

The President, Larry Myers, made the biggest insider sale in the last 12 months. That single transaction was for US$1.1m worth of shares at a price of US$22.00 each. 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$16.55. So it may not shed much light on insider confidence at current levels.

In the last twelve months insiders purchased 22.17k shares for US$460k. On the other hand they divested 66.63k shares, for US$1.5m. Over the last year we saw more insider selling of First Savings Financial Group shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

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 18% of First Savings Financial Group shares, worth about US$20m. 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 First Savings Financial Group Tell Us?

It is good to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. While recent transactions indicate confidence in First Savings Financial Group, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. In short they are likely aligned with shareholders. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: First Savings Financial Group 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, but not derivative transactions.

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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.