The Independent Chairman of the Board of BCB Bancorp, Inc. (NASDAQ:BCBP), Mark Hogan, Just Bought 1.8% More Shares
Investors who take an interest in BCB Bancorp, Inc. (NASDAQ:BCBP) should definitely note that the Independent Chairman of the Board, Mark Hogan, recently paid US$11.37 per share to buy US$130k worth of the stock. Although the purchase only increased their holding by 1.8%, it is still a solid purchase in our view.
Check out our latest analysis for BCB Bancorp
The Last 12 Months Of Insider Transactions At BCB Bancorp
Notably, that recent purchase by Mark Hogan is the biggest insider purchase of BCB Bancorp shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$11.52. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for BCB Bancorp share holders is that insiders were buying at near the current price.
In the last twelve months BCB Bancorp insiders were buying shares, but not selling. 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!
BCB Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of BCB Bancorp
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 12% of BCB Bancorp shares, worth about US$23m. 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 BCB Bancorp Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of BCB Bancorp we think they are probably pretty confident of a bright future. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for BCB Bancorp.
Of course BCB Bancorp 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.
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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.
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