Potential Cadence Bancorporation (NYSE:CADE) shareholders may wish to note that the Independent Director, Marc J. Shapiro, recently bought US$403k worth of stock, paying US$16.13 for each share. Although the purchase only increased their holding by 7.1%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Cadence Bancorporation
The Vice Chairman, Joseph Evans, made the biggest insider sale in the last 12 months. That single transaction was for US$1.1m worth of shares at a price of US$22.91 each. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$16.01. So it is hard to draw any strong conclusion from it.
Happily, we note that in the last year insiders paid US$5.5m for 314.93k shares. But insiders sold 81224.66 shares worth US$1.8m. In the last twelve months there was more buying than selling by Cadence Bancorporation insiders. The average buy price was around US$17.61. I’d consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by 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!
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Insider Ownership of Cadence Bancorporation
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Cadence Bancorporation insiders own about US$67m worth of shares. That equates to 3.3% of the company. 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 Cadence Bancorporation Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Cadence Bancorporation insiders are well aligned, and that they may think the share price is too low. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Cadence Bancorporation.
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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