Investors may wish to note that the Senior EVP of TowneBank, William Littreal, recently netted US$57k from selling stock, receiving an average price of US$30.41. On the bright side, that's just a small sale and only reduced their holding by 2.4%.
View our latest analysis for TowneBank
TowneBank Insider Transactions Over The Last Year
The Independent Director William Lewis made the biggest insider purchase in the last 12 months. That single transaction was for US$998k worth of shares at a price of US$27.71 each. We do like to see buying, but this purchase was made at well below the current price of US$31.44. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months insiders purchased 63.49k shares for US$1.8m. But insiders sold 78.12k shares worth US$2.5m. All up, insiders sold more shares in TowneBank 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
NasdaqGS:TOWN Insider Trading Volume February 5th 2023
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
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. TowneBank insiders own 8.4% of the company, currently worth about US$190m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The TowneBank Insider Transactions Indicate?
Unfortunately, there has been more insider selling of TowneBank stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing TowneBank. You'd be interested to know, that we found 1 warning sign for TowneBank and we suggest you have a look.
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.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. 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.
