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Potential Washington Federal, Inc. (NASDAQ:WAFD) shareholders may wish to note that the Independent Director, Randall Talbot, recently bought US$123k worth of stock, paying US$23.16 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 15%.
The Last 12 Months Of Insider Transactions At Washington Federal
In the last twelve months, the biggest single purchase by an insider was when Independent Director Mark Tabbutt bought US$386k worth of shares at a price of US$25.72 per share. That means that even when the share price was higher than US$23.06 (the recent price), an insider wanted to purchase shares. 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. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Washington Federal insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Washington Federal 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 Washington Federal
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 1.3% of Washington Federal shares, worth about US$23m. 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 Washington Federal Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Washington Federal shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Washington Federal. Case in point: We've spotted 2 warning signs for Washington Federal you should be aware of, and 1 of them doesn't sit too well with us.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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.
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