Whilst it may not be a huge deal, we thought it was good to see that the WesBanco, Inc. (NASDAQ:WSBC) Independent Director, Ronald Owen, recently bought US$99k worth of stock, for US$25.81 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 27%.
WesBanco Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the insider, Michael Crawford, for US$375k worth of shares, at about US$37.51 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. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$25.78. So it is hard to draw any strong conclusion from it.
Happily, we note that in the last year insiders paid US$781k for 23.21k shares. On the other hand they divested 19827 shares, for US$741k. In the last twelve months there was more buying than selling by WesBanco insiders. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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.
Does WesBanco Boast High 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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that WesBanco insiders own 2.8% of the company, worth about US$50m. 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 WesBanco Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest WesBanco insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 3 warning signs with WesBanco and understanding them should be part of your investment process.
Of course WesBanco 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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. 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. Simply Wall St has no position in the stocks mentioned.
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