Potential HV Bancorp, Inc. (NASDAQ:HVBC) shareholders may wish to note that the Independent Vice-Chairman, Robert Marino, recently bought US$174k worth of stock, paying US$18.00 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 16%.
The Last 12 Months Of Insider Transactions At HV Bancorp
In fact, the recent purchase by Robert Marino was the biggest purchase of HV Bancorp shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$17.83). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While HV Bancorp insiders bought shares during the last year, they didn't sell. They paid about US$14.16 on average. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price. 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!
HV Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 16% of HV Bancorp shares, worth about US$5.7m. 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 HV Bancorp Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Insiders likely see value in HV Bancorp shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing HV Bancorp. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of HV 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, but not derivative transactions.
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