Insider Buying: Mason King Just Spent US$108k On CrossFirst Bankshares, Inc. (NASDAQ:CFB) Shares
Potential CrossFirst Bankshares, Inc. (NASDAQ:CFB) shareholders may wish to note that insider Mason King recently bought US$108k worth of stock, paying US$9.04 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 20%.
See our latest analysis for CrossFirst Bankshares
CrossFirst Bankshares Insider Transactions Over The Last Year
Notably, that recent purchase by Mason King is the biggest insider purchase of CrossFirst Bankshares shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$9.42. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the CrossFirst Bankshares insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 14.50k shares worth US$129k. But insiders sold 3000 shares worth US$41k. Overall, CrossFirst Bankshares insiders were net buyers during the last year. You can see the insider transactions (by 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
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that CrossFirst Bankshares insiders own 6.4% of the company, worth about US$32m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The CrossFirst Bankshares Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of CrossFirst Bankshares we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of CrossFirst Bankshares.
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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