Yahoo Finance Auburn National Bancorporation President Acquires 601% More Stock
Investors who take an interest in Auburn National Bancorporation, Inc. (NASDAQ:AUBN) should definitely note that the President, David Hedges, recently paid US$17.60 per share to buy US$176k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 601%.
View our latest analysis for Auburn National Bancorporation
Auburn National Bancorporation Insider Transactions Over The Last Year
In fact, the recent purchase by David Hedges was the biggest purchase of Auburn National Bancorporation shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$18.51 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
While Auburn National Bancorporation insiders bought shares during the last year, they didn't sell. 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!
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. Auburn National Bancorporation insiders own about US$22m worth of shares. That equates to 34% 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 Does This Data Suggest About Auburn National Bancorporation Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Auburn National Bancorporation we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Auburn National Bancorporation. At Simply Wall St, we've found that Auburn National Bancorporation has 5 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.
But note: Auburn National Bancorporation may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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 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.
