Yahoo Finance Independent Chairman of the Board of Bank of Marin Bancorp Picks Up 26% More Stock \
Potential Bank of Marin Bancorp (NASDAQ:BMRC) shareholders may wish to note that the Independent Chairman of the Board, William McDevitt, recently bought US$137k worth of stock, paying US$15.27 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 26%.
See our latest analysis for Bank of Marin Bancorp
The Last 12 Months Of Insider Transactions At Bank of Marin Bancorp
In fact, the recent purchase by William McDevitt was the biggest purchase of Bank of Marin Bancorp shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than US$13.82 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid US$340k for 20.61k shares. But they sold 4.15k shares for US$126k. In the last twelve months there was more buying than selling by Bank of Marin Bancorp insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bank of Marin Bancorp insiders own about US$25m worth of shares. That equates to 11% of the company. 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 Bank of Marin Bancorp Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Bank of Marin Bancorp we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Bank of Marin Bancorp has 1 warning sign we think you should be aware of.
But note: Bank of Marin Bancorp 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, but not derivative transactions.
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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.
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