We note that the Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Independent Vice Chairman of the Board, James Abernethy, recently sold US$74k worth of stock for US$24.50 per share. However we note that the sale only shrunk their holding by 1.5%.
The Last 12 Months Of Insider Transactions At Peoples Bancorp of North Carolina
Notably, that recent sale by Independent Vice Chairman of the Board James Abernethy was not the only time they sold Peoples Bancorp of North Carolina shares this year. Earlier in the year, they fetched US$27.12 per share in a -US$108k sale. So what is clear is that an insider saw fit to sell at around the current price of US$26.48. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Over the last year, we can see that insiders have bought 3.91k shares worth US$81k. On the other hand they divested 11.00k shares, for US$268k. James Abernethy divested 11.00k shares over the last 12 months at an average price of US$24.40. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like Peoples Bancorp of North Carolina better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does Peoples Bancorp of North Carolina Boast High Insider Ownership?
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. We usually like to see fairly high levels of insider ownership. Peoples Bancorp of North Carolina insiders own about US$20m worth of shares. That equates to 14% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Peoples Bancorp of North Carolina Insiders?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Peoples Bancorp of North Carolina. Case in point: We've spotted 2 warning signs for Peoples Bancorp of North Carolina 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 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.
