Potential First Savings Financial Group, Inc. (NASDAQ:FSFG) shareholders may wish to note that the Independent Director, Frank Czeschin, recently bought US$123k worth of stock, paying US$40.97 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 26%.
First Savings Financial Group Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Corporate Secretary & Director, John Lawson, sold US$335k worth of shares at a price of US$67.95 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$42.65). So it is hard to draw any strong conclusion from it.
Over the last year, we can see that insiders have bought 10.84k shares worth US$575k. But they sold 8846 shares for US$550k. In total, First Savings Financial Group insiders bought more than they sold over the last year. They paid about US$53.09 on average. This is nice to see since it implies that insiders might see value around current prices. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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).
Does First Savings Financial Group 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. It appears that First Savings Financial Group insiders own 20% of the company, worth about US$20m. 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 First Savings Financial Group 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 First Savings Financial Group we think they are probably pretty confident of a bright future. 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. Our analysis shows 3 warning signs for First Savings Financial Group (1 can't be ignored!) and we strongly recommend you look at these before investing.
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. 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. Thank you for reading.