Investors may wish to note that an insider of Western New England Bancorp, Inc., William Wagner, recently netted US$96k from selling stock, receiving an average price of US$9.02. However we note that the sale only shrunk their holding by 3.7%.
Western New England Bancorp Insider Transactions Over The Last Year
In fact, the recent sale by William Wagner was the biggest sale of Western New England Bancorp shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$8.33. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
In the last twelve months insiders purchased 19.42k shares for US$117k. But they sold 10.60k shares for US$96k. In the last twelve months there was more buying than selling by Western New England Bancorp insiders. Their average price was about US$6.02. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price. 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!
Western New England Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. Insiders own 5.5% of Western New England Bancorp shares, worth about US$11m. 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 Does This Data Suggest About Western New England Bancorp Insiders?
Insider selling has just outweighed insider buying in the last three months. But the net divestment is not enough to concern us at all. But insiders have shown more of an appetite for the stock, over the last year. Insiders do have a stake in Western New England Bancorp and their transactions don't cause us concern. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Western New England Bancorp has 2 warning signs and it would be unwise to ignore these.
Of course Western New England Bancorp 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, but not derivative transactions.
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