Insider Spends US$66k Buying More Shares In LINKBANCORP

Even if it's not a huge purchase, we think it was good to see that George Parmer, the Independent Director of LINKBANCORP, Inc. (NASDAQ:LNKB) recently shelled out US$66k to buy stock, at US$6.62 per share. Although the purchase is not a big one, increasing their shareholding by only 5.8%, it can be interpreted as a good sign.

View our latest analysis for LINKBANCORP

LINKBANCORP Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the CEO & Director, Andrew Samuel, for US$1.9m worth of shares, at about US$8.50 per share. 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$6.28. So it may not tell us anything about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid US$377k for 58.04k shares. On the other hand they divested 235.00k shares, for US$2.0m. In total, LINKBANCORP insiders sold more 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 click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that LINKBANCORP insiders own 29% of the company, worth about US$71m. 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 LINKBANCORP Tell Us?

The stark truth for LINKBANCORP is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! While it's good to be aware of 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. For example, LINKBANCORP has 3 warning signs (and 1 which is potentially serious) we think you should know about.

But note: LINKBANCORP 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.