Bradley Adams Is The Executive VP & CFO of Old Second Bancorp, Inc. (NASDAQ:OSBC) And They Just Picked Up 10% More Shares
Investors who take an interest in Old Second Bancorp, Inc. (NASDAQ:OSBC) should definitely note that the Executive VP & CFO, Bradley Adams, recently paid US$11.53 per share to buy US$110k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 10%.
See our latest analysis for Old Second Bancorp
The Last 12 Months Of Insider Transactions At Old Second Bancorp
In the last twelve months, the biggest single sale by an insider was when the Independent Director, John Ladowicz, sold US$200k worth of shares at a price of US$13.76 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$12.05). So it may not tell us anything about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 47.03k shares worth US$539k. But insiders sold 25.35k shares worth US$326k. Overall, Old Second Bancorp insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. 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.
Does Old Second Bancorp Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 4.8% of Old Second Bancorp shares, worth about US$17m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Old Second Bancorp Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Old Second Bancorp shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for Old Second Bancorp that deserve your attention before buying any shares.
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. 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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