H. Moore Is The Chief Financial Officer of Nicolet Bankshares, Inc. (NASDAQ:NCBS) And They Just Picked Up 14% More Shares
Potential Nicolet Bankshares, Inc. (NASDAQ:NCBS) shareholders may wish to note that the Chief Financial Officer, H. Moore, recently bought US$250k worth of stock, paying US$83.46 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 14%.
View our latest analysis for Nicolet Bankshares
The Last 12 Months Of Insider Transactions At Nicolet Bankshares
Notably, that recent purchase by Chief Financial Officer H. Moore was not the only time they bought Nicolet Bankshares shares this year. Earlier in the year, they paid US$73.42 per share in a US$511k purchase. Even though the purchase was made at a significantly lower price than the recent price (US$83.77), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$1.4m for 18.57k shares. But they sold 6.40k shares for US$575k. In the last twelve months there was more buying than selling by Nicolet Bankshares insiders. 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!
Nicolet Bankshares is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Nicolet Bankshares insiders own 9.0% of the company, worth about US$100m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Nicolet Bankshares Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Nicolet Bankshares insiders are well aligned, and quite possibly think the share price is too low. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Nicolet Bankshares. Case in point: We've spotted 1 warning sign for Nicolet Bankshares you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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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.
