M. Parrish Is The Independent Chairman & Lead Director of Community Trust Bancorp, Inc. (NASDAQ:CTBI) And They Just Picked Up 2.7% More Shares
Potential Community Trust Bancorp, Inc. (NASDAQ:CTBI) shareholders may wish to note that the Independent Chairman & Lead Director, M. Parrish, recently bought US$180k worth of stock, paying US$35.95 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.7%.
View our latest analysis for Community Trust Bancorp
Community Trust Bancorp Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Executive Vice President, James Draughn, for US$237k worth of shares, at about US$47.36 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$35.96). So it is hard to draw any strong conclusion from it.
Happily, we note that in the last year insiders paid US$483k for 13.04k shares. On the other hand they divested 5.89k shares, for US$277k. In total, Community Trust Bancorp insiders bought more than they sold over the last year. You can see the insider transactions (by companies and 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!
Community Trust Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership Of Community Trust Bancorp
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Community Trust Bancorp insiders own about US$31m worth of shares. That equates to 4.9% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Community Trust Bancorp Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Community Trust Bancorp insiders are well aligned, and that they may think the share price is too low. 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. At Simply Wall St, we found 1 warning sign for Community Trust Bancorp that deserve your attention before buying any shares.
Of course Community Trust Bancorp 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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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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