Investors who take an interest in BankFinancial Corporation (NASDAQ:BFIN) should definitely note that the Independent Director, Glen Wherfel, recently paid US$8.70 per share to buy US$217k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 31%.
The Last 12 Months Of Insider Transactions At BankFinancial
Notably, that recent purchase by Glen Wherfel is the biggest insider purchase of BankFinancial shares that we've seen in the last year. That implies that an insider found the current price of US$8.83 per share to be enticing. 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 BankFinancial share holders is that insiders were buying at near the current price.
In the last twelve months BankFinancial insiders were buying shares, but not selling. 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!
BankFinancial is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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 5.1% of BankFinancial shares, worth about US$6.7m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At BankFinancial Tell Us?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on BankFinancial stock. 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. For instance, we've identified 2 warning signs for BankFinancial (1 doesn't sit too well with us) you should be aware of.
But note: BankFinancial 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.
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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