This Insider Has Just Sold Shares In Central Pacific Financial

We note that the Central Pacific Financial Corp. (NYSE:CPF) Chairman, Anli Ngo, recently sold US$63k worth of stock for US$19.00 per share. On the bright side, that's just a small sale and only reduced their holding by 1.7%.

See our latest analysis for Central Pacific Financial

The Last 12 Months Of Insider Transactions At Central Pacific Financial

The insider Christine H. Camp made the biggest insider purchase in the last 12 months. That single transaction was for US$188k worth of shares at a price of US$14.84 each. Even though the purchase was made at a significantly lower price than the recent price (US$18.72), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Happily, we note that in the last year insiders paid US$197k for 13.75k shares. But insiders sold 6.67k shares worth US$127k. In total, Central Pacific Financial insiders bought more than they sold over 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 2.3% of Central Pacific Financial shares, worth about US$12m. 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 Central Pacific Financial Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. In contrast, they appear keener if you look at the last twelve months. It's good to see insiders are shareholders. So the recent selling doesn't worry us too much. 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. For example - Central Pacific Financial has 1 warning sign we think you should be aware of.

Of course Central Pacific Financial 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.