Brian Brunner Buys 6.2% More Orrstown Financial Services Shares

Whilst it may not be a huge deal, we thought it was good to see that Brian Brunner, who is a company insider, recently bought US$97k worth of stock, for US$34.76 per share. However, it only increased their shares held by 6.2%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Orrstown Financial Services

Orrstown Financial Services Insider Transactions Over The Last Year

The Executive VP & Market President for the Maryland Region, Christopher Holt, made the biggest insider sale in the last 12 months. That single transaction was for US$273k worth of shares at a price of US$34.16 each. That means that an insider was selling shares at below the current price (US$34.51). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 32% of Christopher Holt's holding.

Over the last year, we can see that insiders have bought 5.10k shares worth US$173k. On the other hand they divested 12.00k shares, for US$425k. Over the last year we saw more insider selling of Orrstown Financial Services shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Orrstown Financial Services better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 4.5% of Orrstown Financial Services shares, worth about US$30m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Orrstown Financial Services Insiders?

The recent insider purchases are heartening. But we can't say the same for the transactions over the last 12 months. We don't take much heart from transactions by Orrstown Financial Services insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. Overall they seem reasonably aligned. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 3 warning signs for Orrstown Financial Services (1 is a bit concerning!) that we believe deserve your full attention.

Of course Orrstown Financial Services may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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.