Trade Alert: The Independent Director Of Partners Bancorp (NASDAQ:PTRS), Michael Clarke, Has Just Spent US$321k Buying 78% More Shares

Investors who take an interest in Partners Bancorp (NASDAQ:PTRS) should definitely note that the Independent Director, Michael Clarke, recently paid US$7.38 per share to buy US$321k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 78%.

View our latest analysis for Partners Bancorp

The Last 12 Months Of Insider Transactions At Partners Bancorp

In fact, the recent purchase by Michael Clarke was the biggest purchase of Partners Bancorp shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$7.61. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

Partners Bancorp insiders may have bought shares in the last year, but they didn't sell any. 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!

Partners Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Partners Bancorp Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Partners Bancorp insiders own 46% of the company, worth about US$63m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Partners Bancorp Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Partners Bancorp. That's what I like to see! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Partners Bancorp.

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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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