Trade Alert: Senior EVP & CFO (Leave of Absence) Of Old National Bancorp Brendon Falconer Has Sold Stock

We wouldn't blame Old National Bancorp (NASDAQ:ONB) shareholders if they were a little worried about the fact that Brendon Falconer, the Senior EVP & CFO (Leave of Absence) recently netted about US$804k selling shares at an average price of US$16.28. That's a big disposal, and it decreased their holding size by 36%, which is notable but not too bad.

See our latest analysis for Old National Bancorp

The Last 12 Months Of Insider Transactions At Old National Bancorp

In the last twelve months, the biggest single sale by an insider was when the insider, Michael Scudder, sold US$841k worth of shares at a price of US$16.81 per share. That means that an insider was selling shares at around the current price of US$16.54. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Over the last year we saw more insider selling of Old National Bancorp shares, than buying. 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!

I will like Old National Bancorp better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Old National Bancorp

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. Old National Bancorp insiders own about US$52m worth of shares. That equates to 1.1% of the company. 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 Old National Bancorp Tell Us?

An insider hasn't bought Old National Bancorp stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Old National Bancorp has 1 warning sign we think you should be aware of.

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 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.