Yahoo Finance Independent Director Antony Robinson Just Bought Shares In Bendigo and Adelaide Bank Limited (ASX:BEN)
Whilst it may not be a huge deal, we thought it was good to see that the Bendigo and Adelaide Bank Limited (ASX:BEN) Independent Director, Antony Robinson, recently bought AU$61k worth of stock, for AU$6.08 per share. That purchase might not be huge but it did increase their holding by 30%.
View our latest analysis for Bendigo and Adelaide Bank
Bendigo and Adelaide Bank Insider Transactions Over The Last Year
In fact, the recent purchase by Antony Robinson was the biggest purchase of Bendigo and Adelaide Bank shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of AU$6.18. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Bendigo and Adelaide Bank insiders were buying shares, but not selling. The average buy price was around AU$8.28. I'd consider this a positive as it suggests insiders see value at around the current price, which is AU$6.18. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Bendigo and Adelaide Bank insiders have about 0.2% of the stock, worth approximately AU$5.2m. We consider this fairly low insider ownership.
What Might The Insider Transactions At Bendigo and Adelaide Bank Tell Us?
The recent insider purchases are heartening. 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 Bendigo and Adelaide Bank insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bendigo and Adelaide Bank. For instance, we've identified 3 warning signs for Bendigo and Adelaide Bank (1 makes us a bit uncomfortable) 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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.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.
