One Northeast Community Bancorp Insider Raised Stake By 20% In Previous Year
From what we can see, insiders were net buyers in Northeast Community Bancorp, Inc.'s (NASDAQ:NECB ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Northeast Community Bancorp
Northeast Community Bancorp Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Director Charles Cirillo bought US$62k worth of shares at a price of US$15.48 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$17.23. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
The chart below shows insider transactions (by companies and 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!
Northeast Community Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders At Northeast Community Bancorp Have Sold Stock Recently
Over the last three months, we've seen a bit of insider selling at Northeast Community Bancorp. Director Charles Martinek only netted US$17k selling shares, in that period. Neither the lack of buying nor the presence of selling is heartening. But the volume sold is so low that it really doesn't bother us.
Insider Ownership
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 Northeast Community Bancorp insiders own 5.3% of the company, worth about US$11m. 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 Northeast Community Bancorp Insiders?
We did not see any insider buying in the last three months, but we did see selling. But the sales were small, so we're not concerned. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Northeast Community Bancorp insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Northeast Community Bancorp. You'd be interested to know, that we found 1 warning sign for Northeast Community Bancorp and we suggest you have a look.
Of course Northeast Community 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 of direct interests only, but not derivative transactions or indirect interests.
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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.
