We note that the FVCBankcorp, Inc. (NASDAQ:FVCB) Independent Director, Devin Satz, recently sold US$95k worth of stock for US$14.03 per share. On the bright side, that's just a small sale and only reduced their holding by 4.4%.
FVCBankcorp Insider Transactions Over The Last Year
The Independent Director, Philip Wills, made the biggest insider sale in the last 12 months. That single transaction was for US$370k worth of shares at a price of US$12.74 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$13.65. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 13% of Philip Wills's stake.
Insiders in FVCBankcorp didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership Of FVCBankcorp
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 16% of FVCBankcorp shares, worth about US$40m. 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 FVCBankcorp Insider Transactions Indicate?
Insiders haven't bought FVCBankcorp stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 3 warning signs with FVCBankcorp and understanding these should be part of your investment process.
Of course FVCBankcorp 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.
