Jay Cahalan Bought 14% More Shares In Greene County Bancorp

Whilst it may not be a huge deal, we thought it was good to see that the Greene County Bancorp, Inc. (NASDAQ:GCBC) Independent Chairman of the Board, Jay Cahalan, recently bought US$100k worth of stock, for US$26.69 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 14%.

View our latest analysis for Greene County Bancorp

The Last 12 Months Of Insider Transactions At Greene County Bancorp

The Director, Michelle Plummer, made the biggest insider sale in the last 12 months. That single transaction was for US$280k worth of shares at a price of US$30.56 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$26.46. So it may not shed much light on insider confidence at current levels.

In the last twelve months insiders purchased 7.48k shares for US$204k. On the other hand they divested 19.38k shares, for US$599k. All up, insiders sold more shares in Greene County Bancorp than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Greene County Bancorp

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Greene County Bancorp insiders own 5.1% of the company, worth about US$23m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Greene County Bancorp Insiders?

It's certainly positive to see the recent insider purchases. But we can't say the same for the transactions over the last 12 months. The more recent transactions are a positive, but Greene County Bancorp insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. So they seem pretty well aligned, overall. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.

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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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