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Investors who take an interest in First Internet Bancorp (NASDAQ:INBK) should definitely note that the Independent Director, Jerry Williams, recently paid US$15.01 per share to buy US$255k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 25%.
The Last 12 Months Of Insider Transactions At First Internet Bancorp
Notably, that recent purchase by Jerry Williams is the biggest insider purchase of First Internet Bancorp shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of US$13.20. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While First Internet Bancorp insiders bought shares last year, they didn't sell. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of First Internet Bancorp
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that First Internet Bancorp insiders own about US$6.7m worth of shares (which is 5.2% of the company). We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About First Internet Bancorp Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that First Internet Bancorp insiders are reasonably well aligned, and optimistic for the future. 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. At Simply Wall St, we found 2 warning signs for First Internet Bancorp that deserve your attention before buying any shares.
But note: First Internet Bancorp 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.
If you spot an error that warrants correction, please contact the editor at email@example.com. 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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.