Insider Buying: Anthony Leggio Just Spent US$63k On TriCo Bancshares (NASDAQ:TCBK) Shares

By
Simply Wall St
Published
May 09, 2022
NasdaqGS:TCBK
Source: Shutterstock

Whilst it may not be a huge deal, we thought it was good to see that Anthony Leggio, who is a company insider, recently bought US$63k worth of stock, for US$39.69 per share. However, it only increased their shares held by 1.2%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for TriCo Bancshares

The Last 12 Months Of Insider Transactions At TriCo Bancshares

In fact, the recent purchase by Anthony Leggio was the biggest purchase of TriCo Bancshares shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$40.27 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for TriCo Bancshares share holders is that an insider was buying at near the current price. Anthony Leggio was the only individual insider to buy during the last year.

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!

insider-trading-volume
NasdaqGS:TCBK Insider Trading Volume May 9th 2022

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

Does TriCo Bancshares 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. Insiders own 4.0% of TriCo Bancshares shares, worth about US$54m. 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 Do The TriCo Bancshares Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in TriCo Bancshares shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 1 warning sign for TriCo Bancshares and we suggest you have a look.

But note: TriCo Bancshares may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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