Yahoo Finance Independent Director of Financial Institutions Picks Up 36% More Stock \
Potential Financial Institutions, Inc. (NASDAQ:FISI) shareholders may wish to note that the Independent Director, Robert Latella, recently bought US$151k worth of stock, paying US$15.06 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 36%.
See our latest analysis for Financial Institutions
The Last 12 Months Of Insider Transactions At Financial Institutions
In fact, the recent purchase by Robert Latella was the biggest purchase of Financial Institutions shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$16.07. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Financial Institutions insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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 Of Financial Institutions
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Financial Institutions insiders own 2.4% of the company, worth about US$5.9m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Financial Institutions Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Financial Institutions stock. 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. For example - Financial Institutions has 1 warning sign we think you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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