We note that the Western New England Bancorp, Inc. (NASDAQ:WNEB) Senior VP & Chief Information Officer, Darlene Libiszewski, recently sold US$51k worth of stock for US$8.50 per share. It might not be a huge sale, but it did reduce their holding size 13%, hardly encouraging.
The Last 12 Months Of Insider Transactions At Western New England Bancorp
Notably, that recent sale by Darlene Libiszewski is the biggest insider sale of Western New England Bancorp shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$8.46. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Over the last year, we can see that insiders have bought 4.66k shares worth US$32k. On the other hand they divested 6.00k shares, for US$51k. 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!
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Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Western New England Bancorp insiders own 6.0% of the company, worth about US$11m. 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 Does This Data Suggest About Western New England Bancorp Insiders?
We note that there's been a little more insider selling than buying, recently. But the difference is small, and thus, not concerning. We're a little cautious about the insider selling at Western New England Bancorp. The modest level of insider ownership is, at least, some comfort. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 4 warning signs for Western New England Bancorp (1 is potentially serious!) that we believe deserve your full attention.
Of course Western New England Bancorp 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.