Yahoo Finance HarborOne Bancorp President Acquires 2.7% More Stock \
Whilst it may not be a huge deal, we thought it was good to see that the HarborOne Bancorp, Inc. (NASDAQ:HONE) President, Joseph Casey, recently bought US$83k worth of stock, for US$8.25 per share. Although the purchase is not a big one, increasing their shareholding by only 2.7%, it can be interpreted as a good sign.
Check out our latest analysis for HarborOne Bancorp
HarborOne Bancorp Insider Transactions Over The Last Year
In fact, the recent purchase by Joseph Casey was the biggest purchase of HarborOne Bancorp shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$8.29. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the HarborOne Bancorp insiders decided to buy shares at close to current prices.
In the last twelve months insiders purchased 16.00k shares for US$130k. But insiders sold 709.00 shares worth US$10k. In total, HarborOne Bancorp insiders bought more than they sold over the last year. 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!
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.
Insider Ownership Of HarborOne Bancorp
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 3.5% of HarborOne Bancorp shares, worth about US$13m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The HarborOne Bancorp Insider Transactions Indicate?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in HarborOne Bancorp 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. For instance, we've identified 2 warning signs for HarborOne Bancorp (1 is significant) 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.
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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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