Yahoo Finance Insider Buying: The Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director Just Bought 13% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Director, William Bryant, recently bought US$71k worth of stock, for US$12.00 per share. That purchase might not be huge but it did increase their holding by 13%.
View our latest analysis for Bank of the James Financial Group
The Last 12 Months Of Insider Transactions At Bank of the James Financial Group
Over the last year, we can see that the biggest insider purchase was by Independent Director Watt Foster for US$73k worth of shares, at about US$15.34 per share. That means that even when the share price was higher than US$11.86 (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. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months Bank of the James Financial Group insiders were buying shares, but not selling. Their average price was about US$13.29. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Bank of the James Financial Group is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
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. Insiders own 12% of Bank of the James Financial Group shares, worth about US$6.6m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Bank of the James Financial Group Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Bank of the James Financial Group insiders are reasonably well aligned, and optimistic for the 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 the James Financial Group has 2 warning signs 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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