Independent Chairperson of the Board of Five Star Bancorp Picks Up 2.5% More Stock
Even if it's not a huge purchase, we think it was good to see that Robert Perry-Smith, the Independent Chairperson of the Board of Five Star Bancorp (NASDAQ:FSBC) recently shelled out US$77k to buy stock, at US$21.95 per share. Although the purchase is not a big one, increasing their shareholding by only 2.5%, it can be interpreted as a good sign.
View our latest analysis for Five Star Bancorp
The Last 12 Months Of Insider Transactions At Five Star Bancorp
In the last twelve months, the biggest single purchase by an insider was when Independent Director Lawrence Allbaugh bought US$183k worth of shares at a price of US$18.33 per share. We do like to see buying, but this purchase was made at well below the current price of US$23.38. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Five Star Bancorp insiders may have bought shares in the last year, but they didn't sell any. They paid about US$20.23 on average. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership Of Five Star 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. We usually like to see fairly high levels of insider ownership. It's great to see that Five Star Bancorp insiders own 30% of the company, worth about US$121m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Five Star Bancorp Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Five Star Bancorp 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 Five Star Bancorp. To that end, you should learn about the 2 warning signs we've spotted with Five Star Bancorp (including 1 which is significant).
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 of direct interests only, but not derivative transactions or indirect interests.
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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.
