Even if it's not a huge purchase, we think it was good to see that Kevin Reeves, the Independent Non-Employee Director of Peoples Bancorp Inc. (NASDAQ:PEBO) recently shelled out US$89k to buy stock, at US$29.80 per share. Even though that isn't a massive buy, it did increase their holding by 111%, which is arguably a good sign.
The Last 12 Months Of Insider Transactions At Peoples Bancorp
Notably, that recent purchase by Kevin Reeves is the biggest insider purchase of Peoples Bancorp shares that we've seen in the last year. That implies that an insider found the current price of US$30.49 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Peoples Bancorp share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 6.00k shares for US$182k. On the other hand they divested 818.00 shares, for US$26k. In total, Peoples Bancorp insiders bought more than they sold over the last year. You can see the insider transactions (by companies and 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!
Peoples 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 Peoples 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Peoples Bancorp insiders own about US$25m worth of shares. That equates to 2.9% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Peoples Bancorp Insiders?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Peoples Bancorp shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for Peoples Bancorp and we suggest you have a look.
But note: Peoples 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.
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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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