Yahoo Finance Independent Director of Atlantic Union Bankshares Picks Up 34% More Stock
Investors who take an interest in Atlantic Union Bankshares Corporation (NYSE:AUB) should definitely note that the Independent Director, Frank Ellett, recently paid US$31.39 per share to buy US$454k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 34%.
See our latest analysis for Atlantic Union Bankshares
Atlantic Union Bankshares Insider Transactions Over The Last Year
Notably, that recent purchase by Frank Ellett is the biggest insider purchase of Atlantic Union Bankshares shares that we've seen in the last year. That means that even when the share price was higher than US$30.90 (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. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 21.47k shares for US$700k. On the other hand they divested 2.19k shares, for US$75k. In total, Atlantic Union Bankshares insiders bought more than they sold over the last year. 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!
Atlantic Union Bankshares is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Atlantic Union Bankshares
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.2% of Atlantic Union Bankshares shares, worth about US$34m. 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 Atlantic Union Bankshares Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Atlantic Union Bankshares shares, given these transactions (along with notable insider ownership of the company). While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for Atlantic Union Bankshares that deserve your attention before buying any shares.
Of course Atlantic Union Bankshares 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.
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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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
