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Investors who take an interest in Northwest Bancshares, Inc. (NASDAQ:NWBI) should definitely note that the Independent Director, Timothy Hunter, recently paid US$13.50 per share to buy US$135k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 14%.
The Last 12 Months Of Insider Transactions At Northwest Bancshares
In fact, the recent purchase by Independent Director Timothy Hunter was not their only acquisition of Northwest Bancshares shares this year. They previously made an even bigger purchase of US$149k worth of shares at a price of US$9.97 per share. We do like to see buying, but this purchase was made at well below the current price of US$13.75. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
While Northwest Bancshares insiders bought shares during the last year, they didn't sell. 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!
Northwest Bancshares is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Northwest Bancshares Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. 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 1.5% of Northwest Bancshares shares, worth about US$26m. 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 Northwest Bancshares Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Northwest Bancshares shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Northwest Bancshares. Every company has risks, and we've spotted 4 warning signs for Northwest Bancshares you should know about.
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.
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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