Trade Alert: The Independent Chair of the Board Of First Business Financial Services, Inc. (NASDAQ:FBIZ), Gerald Kilcoyne, Has Just Spent US$165k Buying 9.5% More Shares
Potential First Business Financial Services, Inc. (NASDAQ:FBIZ) shareholders may wish to note that the Independent Chair of the Board, Gerald Kilcoyne, recently bought US$165k worth of stock, paying US$32.99 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 9.5%.
See our latest analysis for First Business Financial Services
The Last 12 Months Of Insider Transactions At First Business Financial Services
Notably, that recent purchase by Gerald Kilcoyne is the biggest insider purchase of First Business Financial Services shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$33.18. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months First Business Financial Services insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
First Business Financial Services is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 6.4% of First Business Financial Services shares, worth about US$18m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At First Business Financial Services Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in First Business Financial Services shares, given these transactions (along with notable insider ownership of the company). While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 1 warning sign for First Business Financial Services and we suggest you have a look.
Of course First Business Financial Services 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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