Have Insiders Sold Peapack-Gladstone Financial Shares Recently?

We'd be surprised if Peapack-Gladstone Financial Corporation (NASDAQ:PGC) shareholders haven't noticed that the SEVP & President of Wealth Management, John Babcock, recently sold US$128k worth of stock at US$25.69 per share. However, the silver lining is that the sale only reduced their total holding by 6.8%, so we're hesitant to read anything much into it, on its own.

View our latest analysis for Peapack-Gladstone Financial

Peapack-Gladstone Financial Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Stuart Vorcheimer, sold US$161k worth of shares at a price of US$26.80 per share. That means that an insider was selling shares at around the current price of US$26.33. 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.

In the last year Peapack-Gladstone Financial insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Peapack-Gladstone Financial insiders own 11% of the company, worth about US$49m. 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 Do The Peapack-Gladstone Financial Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 2 warning signs with Peapack-Gladstone Financial and understanding them should be part of your investment process.

Of course Peapack-Gladstone Financial 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.