We'd be surprised if CrossFirst Bankshares, Inc. (NASDAQ:CFB) shareholders haven't noticed that the Independent Director, Michael Robinson, recently sold US$271k worth of stock at US$10.59 per share. The eyebrow raising move amounted to a reduction of 22% in their holding.
Check out our latest analysis for CrossFirst Bankshares
CrossFirst Bankshares Insider Transactions Over The Last Year
In fact, the recent sale by Michael Robinson was the biggest sale of CrossFirst Bankshares shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$10.21. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. 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$188k for 18.60k shares. On the other hand they divested 28.13k shares, for US$303k. All up, insiders sold more shares in CrossFirst Bankshares than they bought, 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!
I will like CrossFirst Bankshares better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does CrossFirst Bankshares Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. CrossFirst Bankshares insiders own about US$32m worth of shares. That equates to 6.4% 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 CrossFirst Bankshares Insider Transactions Indicate?
An insider sold CrossFirst Bankshares shares recently, but they didn't buy any. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CrossFirst Bankshares. While conducting our analysis, we found that CrossFirst Bankshares has 1 warning sign and it would be unwise to ignore it.
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 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.