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This Insider Has Just Sold Shares In Cadence Bank

This Insider Has Just Sold Shares In Cadence Bank

這位內部人士剛剛出售了Cadence銀行的股票
Simply Wall St ·  05/13 06:10

We wouldn't blame Cadence Bank (NYSE:CADE) shareholders if they were a little worried about the fact that James Rollins, the Chairman & CEO recently netted about US$838k selling shares at an average price of US$29.48. However, that sale only accounted for 6.5% of their holding, so arguably it doesn't say much about their conviction.

The Last 12 Months Of Insider Transactions At Cadence Bank

Notably, that recent sale by James Rollins is the biggest insider sale of Cadence Bank shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$29.26. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. 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.

Cadence Bank insiders didn't buy any shares 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!

insider-trading-volume
NYSE:CADE Insider Trading Volume May 13th 2024

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Cadence Bank

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 Bank insiders own about US$76m worth of shares. That equates to 1.4% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Cadence Bank Tell Us?

An insider hasn't bought Cadence Bank stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 3 warning signs for Cadence Bank that deserve your attention before buying any shares.

Of course Cadence Bank 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.

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.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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