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Trade Alert: The Independent Director Of Northeast Community Bancorp, Inc. (NASDAQ:NECB), Charles Cirillo, Has Just Spent US$62k Buying 20% More Shares

Even if it's not a huge purchase, we think it was good to see that Charles Cirillo, the Independent Director of Northeast Community Bancorp, Inc. (NASDAQ:NECB) recently shelled out US$62k to buy stock, at US$15.48 per share. That purchase might not be huge but it did increase their holding by 20%.

View our latest analysis for Northeast Community Bancorp

Northeast Community Bancorp Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director Kenneth Thomas for US$110k worth of shares, at about US$11.04 per share. We do like to see buying, but this purchase was made at well below the current price of US$13.56. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Northeast Community Bancorp insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

Northeast Community Bancorp 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 Northeast Community Bancorp

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Northeast Community Bancorp insiders own 4.4% of the company, worth about US$8.7m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Northeast Community Bancorp Tell Us?

It is good to see the recent insider purchase. 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 Northeast Community Bancorp insiders are reasonably well aligned, and optimistic for the 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Northeast Community Bancorp.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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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