Independent Director of Plumas Bancorp Picks Up 54% More Stock

Even if it's not a huge purchase, we think it was good to see that Sushil Patel, the Independent Director of Plumas Bancorp (NASDAQ:PLBC) recently shelled out US$53k to buy stock, at US$41.16 per share. While that isn't the hugest buy, it actually boosted their shareholding by 54%, which is good to see.

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Plumas Bancorp Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the insider, Jeffrey Moore, sold US$179k worth of shares at a price of US$42.71 per share. So what is clear is that an insider saw fit to sell at around the current price of US$40.01. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year, we can see that insiders have bought 4.58k shares worth US$196k. But insiders sold 7.00k shares worth US$300k. Over the last year we saw more insider selling of Plumas 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Plumas Bancorp

I will like Plumas Bancorp 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.

Does Plumas Bancorp Boast High 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. It appears that Plumas Bancorp insiders own 7.4% of the company, worth about US$21m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Plumas Bancorp Insiders?

It's certainly positive to see the recent insider purchases. But we can't say the same for the transactions over the last 12 months. We don't take much heart from transactions by Plumas Bancorp insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Plumas Bancorp. For example - Plumas Bancorp has 1 warning sign we think you should be aware of.

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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.