Have Insiders Sold Western New England Bancorp, Inc. (NASDAQ:WNEB) Shares Recently?

By
Simply Wall St
Published
November 30, 2021
NasdaqGS:WNEB
Source: Shutterstock

Investors may wish to note that the Senior VP & Chief Information Officer of Western New England Bancorp, Inc., Darlene Libiszewski, recently netted US$57k from selling stock, receiving an average price of US$9.53. It might not be a huge sale, but it did reduce their holding size 19%, hardly encouraging.

Check out our latest analysis for Western New England Bancorp

The Last 12 Months Of Insider Transactions At Western New England Bancorp

Over the last year, we can see that the biggest insider sale was by the insider, William Wagner, for US$96k worth of shares, at about US$9.02 per share. So we know that an insider sold shares at around the present share price of US$8.81. 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.

Happily, we note that in the last year insiders paid US$74k for 9.09k shares. But insiders sold 22.67k shares worth US$207k. In total, Western New England Bancorp insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NasdaqGS:WNEB Insider Trading Volume December 1st 2021

I will like Western New England Bancorp better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 6.0% of Western New England Bancorp shares, worth about US$12m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Western New England Bancorp Insider Transactions Indicate?

The insider sales have outweighed the insider buying, at Western New England Bancorp, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. But it is good to see that Western New England Bancorp is growing earnings. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. 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. To that end, you should learn about the 3 warning signs we've spotted with Western New England Bancorp (including 1 which doesn't sit too well with us).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.

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