How Much Are SpareBank 1 SMN (OB:MING) Insiders Spending On Buying Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So we'll take a look at whether insiders have been buying or selling shares in SpareBank 1 SMN (OB:MING).
What Is Insider Buying?
Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. However, such insiders must disclose their trading activities, and not trade on inside information.
We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But it is perfectly logical to keep tabs on what insiders are doing. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card!
See our latest analysis for SpareBank 1 SMN
The Last 12 Months Of Insider Transactions At SpareBank 1 SMN
Over the last year, we can see that the biggest insider purchase was by Mette Kamsvåg for øre497k worth of shares, at about øre88.74 per share. That means that an insider was happy to buy shares at around the current price of øre95.60. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for SpareBank 1 SMN share holders is that insiders were buying at near the current price.
In the last twelve months insiders paid øre785k for 8937 shares purchased. In the last twelve months SpareBank 1 SMN insiders were buying shares, but not selling. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that SpareBank 1 SMN insiders own 0.7% of the company, worth about øre81m. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The SpareBank 1 SMN Insider Transactions Indicate?
The fact that there have been no SpareBank 1 SMN insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think SpareBank 1 SMN insiders are doubting the company, and they do own shares. Of course, the future is what matters most. So if you are interested in SpareBank 1 SMN, you should check out this free report on analyst forecasts for the company.
But note: SpareBank 1 SMN 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Thank you for reading.
