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Whilst it may not be a huge deal, we thought it was good to see that the Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) Independent Director, David Eidson, recently bought US$82k worth of stock, for US$27.18 per share. While that isn't the hugest buy, it actually boosted their shareholding by 120%, which is good to see.
The Last 12 Months Of Insider Transactions At Atlantic Capital Bancshares
In the last twelve months, the biggest single purchase by an insider was when Independent Director Thomas Holder bought US$206k worth of shares at a price of US$20.59 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$26.62. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
While Atlantic Capital Bancshares insiders bought shares during the last year, they didn't sell. Their average price was about US$15.30. It is certainly positive to see that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 4.0% of Atlantic Capital Bancshares shares, worth about US$22m. 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 Atlantic Capital Bancshares Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Atlantic Capital Bancshares shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Atlantic Capital Bancshares.
Of course Atlantic Capital Bancshares 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. 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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