Potential Investar Holding Corporation (NASDAQ:ISTR) shareholders may wish to note that the Independent Director, Scott Ginn, recently bought US$201k worth of stock, paying US$23.68 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
Investar Holding Insider Transactions Over The Last Year
In fact, the recent purchase by Scott Ginn was the biggest purchase of Investar Holding 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 US$24.45. That means they have been optimistic about the company in the past, though they may have changed their mind. 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 Investar Holding insider decided to buy shares at close to current prices. Scott Ginn was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 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 undervalued small cap companies that insiders are buying.
Insider Ownership Of Investar Holding
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Investar Holding insiders own about US$18m worth of shares. That equates to 7.5% 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 Investar Holding Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Investar Holding we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Investar Holding, you should check out this free report on analyst forecasts for the company.
Of course Investar Holding may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.
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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.