Anyone interested in NBT Bancorp Inc. (NASDAQ:NBTB) should probably be aware that a company insider, Lowell Seifter, recently divested US$163k worth of shares in the company, at an average price of US$39.46 each. However, the silver lining is that the sale only reduced their total holding by 9.1%, so we're hesitant to read anything much into it, on its own.
NBT Bancorp Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Senior Executive VP & CFO, Michael Chewens, for US$192k worth of shares, at about US$37.69 per share. That means that even when the share price was below the current price of US$39.92, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 9.3% of Michael Chewens's holding.
Over the last year, we note insiders sold 13868 shares worth US$524k. Insiders in NBT Bancorp didn't buy any shares in the last year. The chart below shows insider transactions (by 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!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that NBT Bancorp insiders own 1.7% of the company, worth about US$30m. 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 NBT Bancorp Tell Us?
An insider sold NBT Bancorp shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since NBT Bancorp is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd think twice before buying! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course NBT 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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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. Thank you for reading.