U.S. markets open in 9 hours 21 minutes
  • S&P Futures

    4,574.50
    -1.25 (-0.03%)
     
  • Dow Futures

    34,654.00
    +32.00 (+0.09%)
     
  • Nasdaq Futures

    15,973.25
    -15.25 (-0.10%)
     
  • Russell 2000 Futures

    2,198.70
    -6.50 (-0.29%)
     
  • Crude Oil

    67.70
    +1.20 (+1.80%)
     
  • Gold

    1,772.50
    +9.80 (+0.56%)
     
  • Silver

    22.39
    +0.07 (+0.33%)
     
  • EUR/USD

    1.1302
    -0.0004 (-0.03%)
     
  • 10-Yr Bond

    1.4480
    +0.0140 (+0.98%)
     
  • Vix

    27.95
    -3.17 (-10.19%)
     
  • GBP/USD

    1.3291
    -0.0011 (-0.08%)
     
  • USD/JPY

    113.1900
    -0.0190 (-0.02%)
     
  • BTC-USD

    56,638.82
    -86.34 (-0.15%)
     
  • CMC Crypto 200

    1,441.97
    +3.09 (+0.21%)
     
  • FTSE 100

    7,129.21
    -39.47 (-0.55%)
     
  • Nikkei 225

    27,934.19
    +180.82 (+0.65%)
     

Insider Buying: The Western New England Bancorp, Inc. (NASDAQ:WNEB) Executive VP & Senior Lender Just Bought 13% More Shares

  • Oops!
    Something went wrong.
    Please try again later.
·4 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Whilst it may not be a huge deal, we thought it was good to see that the Western New England Bancorp, Inc. (NASDAQ:WNEB) Executive VP & Senior Lender, Allen Miles, recently bought US$51k worth of stock, for US$7.73 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 13%.

View our latest analysis for Western New England Bancorp

Western New England Bancorp Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director Donna Damon for US$96k worth of shares, at about US$7.42 per share. That means that an insider was happy to buy shares at around the current price of US$7.55. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

While Western New England Bancorp insiders bought shares during the last year, they didn't sell. They paid about US$6.63 on average. It's great to see insiders putting their own cash into the company's stock, albeit at below the recent share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

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 of Western New England Bancorp

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Western New England Bancorp insiders own about US$9.8m worth of shares (which is 5.2% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Western New England Bancorp Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Western New England Bancorp insiders are expecting 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 Western New England Bancorp.

But note: Western New England Bancorp may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.