Yahoo Finance This Magyar Bancorp Insider Increased Their Holding In The Last Year
From what we can see, insiders were net buyers in Magyar Bancorp, Inc.'s (NASDAQ:MGYR ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Magyar Bancorp
Magyar Bancorp Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by insider Michael Lombardi for US$141k worth of shares, at about US$9.57 per share. Even though the purchase was made at a significantly lower price than the recent price (US$10.90), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
Michael Lombardi purchased 35.67k shares over the year. The average price per share was US$9.76. 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!
Magyar Bancorp 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
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Magyar Bancorp insiders own about US$8.2m worth of shares (which is 11% of the company). We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Magyar Bancorp Insiders?
We note a that there has been a bit of insider buying recently (but no selling). The net investment is not enough to encourage us much. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Magyar Bancorp stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Magyar Bancorp. At Simply Wall St, we found 2 warning signs for Magyar Bancorp that deserve your attention before buying any shares.
Of course Magyar Bancorp 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.
