Yahoo Finance Trade Alert: The Chairman Of HBT Financial, Inc. (NASDAQ:HBT), Fred Drake, Has Just Spent US$62k Buying A Few More Shares
Whilst it may not be a huge deal, we thought it was good to see that the HBT Financial, Inc. (NASDAQ:HBT) Chairman, Fred Drake, recently bought US$62k worth of stock, for US$12.35 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.
See our latest analysis for HBT Financial
HBT Financial Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Gerald Pfeiffer bought US$480k worth of shares at a price of US$16.00 per share. That means that even when the share price was higher than US$12.02 (the recent price), an insider wanted to purchase shares. 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. In our view, the price an insider pays for shares is very important. 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 HBT Financial insiders were buying shares, but not selling. 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!
HBT Financial is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does HBT Financial Boast High 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. I reckon it's a good sign if insiders own a significant number of shares in the company. HBT Financial insiders own 65% of the company, currently worth about US$214m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At HBT Financial Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about HBT Financial. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing HBT Financial. You'd be interested to know, that we found 1 warning sign for HBT Financial and we suggest you have a look.
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.
This article by Simply Wall St is general in nature. 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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