Anthony DeChellis Is The CEO, President & Director of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) And They Just Picked Up 30% More Shares
Potential Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) shareholders may wish to note that the CEO, President & Director, Anthony DeChellis, recently bought US$457k worth of stock, paying US$7.40 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 30%.
See our latest analysis for Boston Private Financial Holdings
The Last 12 Months Of Insider Transactions At Boston Private Financial Holdings
Notably, that recent purchase by Anthony DeChellis is the biggest insider purchase of Boston Private Financial Holdings shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of US$6.73. 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. To us, it's very important to consider the price insiders pay for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid US$1.1m for 142.32k shares. But insiders sold 20546 shares worth US$231k. Overall, Boston Private Financial Holdings insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by 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!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Boston Private Financial Holdings insiders own 2.5% of the company, worth about US$14m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Boston Private Financial Holdings Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Boston Private Financial Holdings we think they are probably pretty confident of a bright future. 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 - Boston Private Financial Holdings has 1 warning sign we think you should be aware of.
But note: Boston Private Financial Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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