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The Executive VP & Chief Risk Officer of United Community Banks, Inc. (NASDAQ:UCBI), Robert Edwards, Just Bought 43% More Shares

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  • UCBI
  • UCBIO

Investors who take an interest in United Community Banks, Inc. (NASDAQ:UCBI) should definitely note that the Executive VP & Chief Risk Officer, Robert Edwards, recently paid US$30.30 per share to buy US$300k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 43%.

Check out our latest analysis for United Community Banks

The Last 12 Months Of Insider Transactions At United Community Banks

In fact, the recent purchase by Robert Edwards was the biggest purchase of United Community Banks shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$31.12 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Robert Edwards was the only individual insider to buy during the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

United Community Banks 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.

Does United Community Banks Boast High 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.2% of United Community Banks shares, worth about US$31m. 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 Does This Data Suggest About United Community Banks Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in United Community Banks shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing United Community Banks. In terms of investment risks, we've identified 1 warning sign with United Community Banks and understanding this should be part of your investment process.

Of course United Community Banks 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, 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.