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Potential Guaranty Bancshares, Inc. (NASDAQ:GNTY) shareholders may wish to note that the Independent Director, James Bunch, recently bought US$112k worth of stock, paying US$27.95 for each share. Although the purchase only increased their holding by 4.4%, it is still a solid purchase in our view.
Guaranty Bancshares Insider Transactions Over The Last Year
The Independent Director Richard Baker made the biggest insider purchase in the last 12 months. That single transaction was for US$385k worth of shares at a price of US$27.00 each. That means that an insider was happy to buy shares at around the current price of US$28.77. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Guaranty Bancshares insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 61.06k shares for US$1.6m. But they sold 17.03k shares for US$556k. In the last twelve months there was more buying than selling by Guaranty Bancshares insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Guaranty Bancshares Boast High 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. We usually like to see fairly high levels of insider ownership. It appears that Guaranty Bancshares insiders own 25% of the company, worth about US$80m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Guaranty Bancshares Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Guaranty Bancshares we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for Guaranty Bancshares you should be aware of.
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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