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Whilst it may not be a huge deal, we thought it was good to see that Charles Lane, who is a company insider, recently bought US$52k worth of stock, for US$13.02 per share. That might not be a big purchase but it only increased their holding by 1.9%, and could be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Bank of South Carolina
In the last twelve months, the biggest single purchase by an insider was when President Fleetwood Hassell bought US$189k worth of shares at a price of US$18.92 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$14.50). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for 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 insiders purchased 131.33k shares for US$2.4m. But insiders sold 1601.19 shares worth US$30k. Overall, Bank of South Carolina insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Bank of South Carolina is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Bank of South Carolina Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Bank of South Carolina insiders own 21% of the company, worth about US$17m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Bank of South Carolina Insider Transactions Indicate?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Bank of South Carolina insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Bank of South Carolina is showing 3 warning signs in our investment analysis, and 1 of those is potentially serious...
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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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. Simply Wall St has no position in the stocks mentioned.
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